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Time Stamp: 02:40
Notes: Vanguard is not a public company. It has no one to serve but the shareholders (account holders).
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Notes: Vanguard is not a public company. It has no one to serve but the shareholders (account holders).
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Time Stamp: 03:30
Notes: Adam Smith - the sole role of the producer is to serve the consumer. Capitalism: the incentive to get rich.
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Notes: Adam Smith - the sole role of the producer is to serve the consumer. Capitalism: the incentive to get rich.
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Time Stamp: 06:35
Notes: Consequence of 1-2% fees
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Notes: Consequence of 1-2% fees
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Time Stamp: 09:00
Notes: Bogle rule: Age = Bond position. He explains he doesn't follow it. Always better to have a high percentage (or 100%) in stocks. If can't stomach to drops (don't peak at your statement!), the bond position is to lessen the drops. (Yet overtime a 100% position in stocks yields the highest returns).
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Notes: Bogle rule: Age = Bond position. He explains he doesn't follow it. Always better to have a high percentage (or 100%) in stocks. If can't stomach to drops (don't peak at your statement!), the bond position is to lessen the drops. (Yet overtime a 100% position in stocks yields the highest returns).
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Time Stamp: 10:20
Notes: Social Security has a capitalized value.
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Notes: Social Security has a capitalized value.
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Time Stamp: 17:10
Notes: Buffet & Motley Fool - If never recommended a sale of a stock, would be better off in the long run. No matter what happens in the world, never sell, always buy.
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Notes: Buffet & Motley Fool - If never recommended a sale of a stock, would be better off in the long run. No matter what happens in the world, never sell, always buy.
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Time Stamp: 22:00
Notes: Jack investments for his grandkids set at 60% stocks (VTSAX), 40% bonds (Total Bond Market). Side note - Bogle in other videos mentions to use Short to Intermediate Municipal Bond Funds for Taxable accounts.
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Notes: Jack investments for his grandkids set at 60% stocks (VTSAX), 40% bonds (Total Bond Market). Side note - Bogle in other videos mentions to use Short to Intermediate Municipal Bond Funds for Taxable accounts.
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Time Stamp: 23:00
Notes: What is risk? It is not volatility.
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Notes: What is risk? It is not volatility.
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Time Stamp: 26:05
Notes: INVEST, YOU MUST. Cash won't get you returns. You can worry about extreme risks such as nuclear war, but at that point your cash won't matter. So instead of worrying, invest.
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Notes: INVEST, YOU MUST. Cash won't get you returns. You can worry about extreme risks such as nuclear war, but at that point your cash won't matter. So instead of worrying, invest.
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Time Stamp: 27:05
Notes: In the short term the stock market is a casino. In the long term it is not. It is a machine for compounding interest & returns, which as Einstein said, is the greatest miracle in financial history."
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Notes: In the short term the stock market is a casino. In the long term it is not. It is a machine for compounding interest & returns, which as Einstein said, is the greatest miracle in financial history."
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Time Stamp: 27:40
Notes: Why the stock market works: Corporations serving consumers, serving corporations, serving government, will make money, innovate, become more efficient, entrepreneurship, technology, etc. creates the market.
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Notes: Why the stock market works: Corporations serving consumers, serving corporations, serving government, will make money, innovate, become more efficient, entrepreneurship, technology, etc. creates the market.
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Time Stamp: 29:40
Notes: About financial advisors: If you want a friend, get a dog. The more they trade, the less well you do. Activity is the curse of Wall Street. 31:00 - Love Frank, buy him a drink, tell Frank a joke. Investing is a long term thing that doesn't involve any trading what so ever.
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Notes: About financial advisors: If you want a friend, get a dog. The more they trade, the less well you do. Activity is the curse of Wall Street. 31:00 - Love Frank, buy him a drink, tell Frank a joke. Investing is a long term thing that doesn't involve any trading what so ever.
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Time Stamp: 33:20
Notes: We have enough. You can't take the money with you. His wife is not a spendthrift. Basically, enjoy your money while you're alive.
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Notes: We have enough. You can't take the money with you. His wife is not a spendthrift. Basically, enjoy your money while you're alive.
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Time Stamp: 35:20
Notes: Mutual nature of Vanguard. Total money generated for shareholders, highest than any other company.
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Notes: Mutual nature of Vanguard. Total money generated for shareholders, highest than any other company.
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Time Stamp: 37:50
Notes: Roboadvisors: Betterment & Wealthfront. Calls them silly. They just put a cloak of complexity over simplicity. You can do it on your own.
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Notes: Roboadvisors: Betterment & Wealthfront. Calls them silly. They just put a cloak of complexity over simplicity. You can do it on your own.
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Time Stamp: 41:00
Notes: At a Boglehead meeting: "How many of you have advisors?" No one raised their hand.
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Notes: At a Boglehead meeting: "How many of you have advisors?" No one raised their hand.
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Time Stamp: 42:40
Notes: Best way to win is to own everything and HOLD ON.
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Notes: Best way to win is to own everything and HOLD ON.
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Time Stamp: 45:57
Notes: Don't peek ... keep investing!
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Notes: Don't peek ... keep investing!
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