I found my wealth-building people. We agree getting rich is a slow race.
I found my wealth-building people. We agree getting rich is a slow race.
I’m a Boglehead and proud devotee of the low-cost, no-frills, buy-and-hold investment strategy that has made millionaires out of many regular investors.
One big problem, though, is having the money to invest in the first place.
This is the best summary I could come up with:
They call themselves Bogleheads in honor of John C. “Jack” Bogle, who founded the Vanguard Group and is the father of the index fund, a low-cost, no-frills, buy-and-hold investment strategy that has made many regular investors millionaires.
I can’t help but think of Bogle and Bogleheads as I read news reports on the trial of Sam Bankman-Fried, who is accused of bilking customers and investors out of billions of dollars following the 2022 collapse of his cryptocurrency exchange, FTX.
They thrive on pumping up the risk, investing in speculative stuff like crypto in the frothy pursuit of high rewards.
Bogle frequently pointed out that only a small percentage of individual stock-pickers can beat the S&P 500 — one of the best gauges of stock market performance — over a long period of time.
I was recently invited, along with my husband and two daughters, to talk about investing as a family at a Bogleheads conference in Maryland sponsored by the John C. Bogle Center for Financial Literacy.
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