John C. Bogle Has Died

Re:John C. Bogle Has Died by Kalium on Wednesday January 16, 2019 @07:11PM (#18927034)

Aren't those called Sovereign Wealth Funds?

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Re:John C. Bogle Has Died by toomuchtodo on Wednesday January 16, 2019 @07:14PM (#18927061)

They are. Think of Vanguard as a US sovereign wealth fund that hasn’t reached full participation yet (and without the natural resource extraction bootstrapping).

If that’s a strange thought, consider that the Bank Of Japan is a significant owner of equities on the Nikkei.

Disclaimer: Vanguard customer

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Re:John C. Bogle Has Died by closeparen on Thursday January 17, 2019 @02:02AM (#18928930)

An investor’s ownership of Vanguard is proportional to his investment. So no, not at all.

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Re:John C. Bogle Has Died by pm90 on Wednesday January 16, 2019 @11:05PM (#18928280)

Wow. I never thought of it that way, but this is so true.

I'm interested in this question: would the US economy be where it is today without index funds? Or is it the index funds like Vanguard that allowed millions of Americans a cheap, safe way to predictably grow their wealth?

The reason I ask is that throughout American history, its the banking sector that was responsible for financial crises and a loss of wealth for most Americans. Have index funds plugged this hole and allowed the US to grow?

Yeah yeah I know about 2008 etc. but that _was_ caused mostly by active investors.

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Re:John C. Bogle Has Died by toomuchtodo on Wednesday January 16, 2019 @11:17PM (#18928342)

> would the US economy be where it is today without index funds? Or is it the index funds like Vanguard that allowed millions of Americans a cheap, safe way to predictably grow their wealth?

Yes.

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