CHAPTER 5Jack BogleFind What Works for You
Sometimes in life, we make the greatest forward progress by going backward.
—Jack Bogle
The Vanguard 500 Index fund is the world's largest mutual fund, with $292 billion in assets. That's 292 followed by nine zeros. How do you get to be so gigantic? Start with $11 million and grow 29% per year for the past 40 years. To give you an idea of how much money $292 billion is, if you were to stack it in hundred dollar bills, it would stretch 198 miles, which is just about the round‐trip distance from New York City to Vanguard's headquarters in Valley Forge, Pennsylvania.
Index funds have picked up incredible momentum in the past few years. Since the end of 2006, active investors have pulled $1.2 trillion ...
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