John Bogle: Mutual Funds are Scam

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[NicholasBall]

Investing in mutual funds offers a structured and diversified approach to building wealth, managed by professional fund managers. While there are costs and some limitations, the benefits of diversification, professional management, and ease of access make mutual funds a popular choice for achieving a variety of financial goals.

[talltexanintx]

He doesn't say mutual funds are a scam.

[tad]

A true legend, a gentleman on and off Wall Street, R.I.P . Mr. B.

[supreme]

How do I put in simple terms? If the stock market were a fast-food chain, mutual funds are the Grubhub drivers... think about it for a sec, why pay a guy to deliver your food for double the price of what it costs to walk in the damn place and order the food yourself? It'll taste the same! Sure, you can pay someone else if you're lazy, but once you start telling people that you actually have better quality food that tasted better because a Grubhub driver handed it to you, you know you're losing it...

[patrickjames]

If the stock market is anything like algebra I'm screwed

[Choptron]

Wow it’s really surprising to me that anyone who came across this, obviously should have some idea of what the investing market is, doesn’t understand what he is trying to say. He is telling you mutual funds and actively managed funds are too expensive and ineffective compared to index funds that track the market as a whole. You have less expenses with index’s, and much more growth, than paying someone to take your money and make way less return at a higher cost… it’s not that a 401k or iras are a scam, it’s just that you must also know what you’re investing in, rather than blindly trusting someone else

[jacobliddiard]

I am new with investing. I have heard about index funds being lower at fees than mutual funds, but does any one know if taxes are treated differently with index funds compared to mutual funds?

[ArnoldFreeman-ng]

If a stock goes up in 1% in a week, its probably too much. No business grows 1% better in a week.

[Allan-zqjg]

Good to hear from Mr. BOGEL. Where is the link for this interview at?

[jakw]

Cut out the middle man, just buy them correctly weighted yourself, collect the dividents yourself, and avoid the fees of the managers.

Fund are mostly scams for people who dont have a real interest for investing themselfs. Its a sin that schools dont have courses on money and finance, it could be the best class you could ever give a senior in hogh school.

[Delirex]

I always wonder let’s say I give them 10k & I have to wait to 60 years old to have access to it, what do they intitially do with the 10k? Cuz money moves & it’s moves fast

[bertodoin]

I knew it. Thank you. I'm selling my mutual funds for gics now

[alliedawson]

I'm just confused about it all I don't even know what the he'll say meant about trees growing to the sky.

[daylinlott]

Vanguard is different, now. They are forcing small investors out.

[Zylaqueza]

Index funds was better but if you are not so financially human learn and invest by yourself, self development in any aspect of industry matters
Example, Communication skills, listening skills, Writing skill, Speaking skills.

[Anthony-zwqb]

I’ve saved so much money in fees since learning from this man

[SreysrosTakeo]

Can somebody explain to me what is he trying to say here ?

[juanjara]

I THINK STOCKS IS A SCAM THE ONLY THING I WOULD EVER INVEST IN IS REAL ESTATE OR IF IM GOING TO START A BUSINESS