An Interest In:
Web News this Week
- April 25, 2024
- April 24, 2024
- April 23, 2024
- April 22, 2024
- April 21, 2024
- April 20, 2024
- April 19, 2024
Some of Our Sources
- Mashable
- Technology Review
- The Logo Smith
- Crazy Leaf Design
- Spyre Studios
- Freelance Switch
- Android Dissected
- Hashedout
- The Verge
- TechPowerUp
Help Webnuz
Referal links:
January 18, 2019 12:10 am
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/Qg-Mme8e0wg/jack-bogle-the-man-who-revolutionized-investing-dies-at-89
Jack Bogle, the Man Who Revolutionized Investing, Dies At 89
Thelasko shares a report from MarketWatch: You can thank Thomas Edison for the light bulb casting light in your home, Henry Ford for your affordable, mass-produced car, and Apple's Steve Jobs for the astonishing computer in your pocket. And Jack Bogle, who died Wednesday [at the age of 89]. The low-cost mutual funds he helped pioneer at Vanguard aren't as sexy or dramatic as other inventions. And you can't really touch or see them. But their effect on everyday lives has been enormous. Bogle's low-cost index funds, and the imitators they have inspired, may have saved ordinary Main Street Americans a staggering $250 billion, or more, in mutual fund fees over the last forty years. According to the Investment Company Institute (ICI), there are now about 450 index mutual funds with around $3.4 trillion in assets. There are also 1,800 exchange-traded funds, also with around $3.4 trillion in assets.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/Qg-Mme8e0wg/jack-bogle-the-man-who-revolutionized-investing-dies-at-89
Share this article:
Tweet
View Full Article
Slashdot
Slashdot was originally created in September of 1997 by Rob "CmdrTaco" Malda. Today it is owned by Geeknet, Inc..More About this Source Visit Slashdot