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A comment on John C. Bogle Has Died. Parent comment

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.

[ Parent | on HN ]
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.

[ Parent | on HN ]