About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Monday, May 27th, 10:43PM
rss
Investment News

Vale Jack Bogle

John (Jack) Bogle, who has died aged 89, was a pioneer and popular champion of low-cost fund products for the American retail investor. He founded Vanguard Investments and is widely acknowledged as the father of index fund investments. 

Thursday, January 24th 2019, 3:14PM

John Bogle

Investors all around the world lost a friend and passionate advocate this month with the passing of John C. (Jack) Bogle.

The founder of Vanguard Group was a colossus both within and outside the investment industry. A strong believer in pooled investment vehicles like US mutual funds (managed funds to Australian investors), he was a strident and life-long critic of deceptive industry marketing practices and high costs.

It is impossible to overstate the legacy of Jack Bogle. His pioneering work – for which he was publicly derided as ‘un-American’ – has put billions of dollars back into the pockets of investors. Australian investors benefited directly when his long-time assistant Jeremy Duffield returned home to setup Vanguard Australia in 1996 – the first country outside the US to experience the ‘Vanguard effect’ as the group began to expand internationally. Bogle visited Australia in 1998 to speak at investor seminars in Melbourne and Sydney and explain the power of index investing as only he could.

It was a privilege at the time to share the stage with him – in my former guise as a financial journalist – because back then indexing was something of an oddity in the Australian market. The passion and compelling logic built on what he called “the relentless rules of humble arithmetic” left an indelible impression. As did his passion to give individual investors a “fair shake” by keeping fees at rock-bottom levels because “the miracle of compounding returns is overwhelmed by the tyranny of compounding costs”.

Over his 60-year career Bogle wrote 12 books – his last book Stay the Course: The story of Vanguard and the Index Revolution was published late last year. He also published numerous technical and opinion articles in the financial and mainstream media. Which is good news for investor’s both today and tomorrow who want to learn how to invest using fundamentally simple concepts like low costs and owning the whole market forever.

The Little Book of Common Sense Investing is a great distillation of everything Bogle held true, while for the more technically minded the longer form Common Sense on Mutual Funds will reward the time invested.

The genius of Jack Bogle was his unique ability to cut through the complexity – both real and artificial – that clouds the investment industry and focus on giving individual investors the best chance of success.

- Robin Bowerman is Principal and Head of Corporate Affairs at Vanguard Australia

Tags: index funds

« What can the past two years tell us about markets in 2019General Finance Continues to Grow and Develop »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend

Good Returns Investment Centre is brought to you by:

Subscribe Now

Keep up to date with the latest investment news
Subscribe to our newsletter today

FundSource Research
  • Westpac Premium Investment Funds
    27 May 2019
    The Westpac Premium Investment Funds offers a focused investment menu of multi-manager single sector funds that draws on all of the BTNZ investment teams...
  • Westpac KiwiSaver Scheme
    27 May 2019
    The Westpac KiwiSaver Scheme offers a focused investment menu of multi-manager diversified funds that draws on all of the BTNZ investment team full capabilities...
  • Milford KiwiSaver Balanced Fund
    3 May 2019
    The Milford KiwiSaver Balanced Fund is a multi-asset portfolio that is best suited to long term investors who can accept some investment risk over the...
© 2019 FundSource Research.

View more research papers »

Edison Investment Research
  • Atlantis Japan Growth Fund
    3 April 2019
    Plenty of attractive investment opportunities
    Atlantis Japan Growth Fund (AJG) is advised by Atlantis Investment Research Corporation (AIRC). Lead adviser Taeko Setaishi says that although consensus...
  • Murray International Trust
    26 March 2019
    Disciplined investment process
    Murray International Trust (MYI) is managed by Bruce Stout at Aberdeen Standard Investments. He stresses the importance of sticking to his disciplined...
  • Standard Life UK Smaller Companies
    26 March 2019
    Following a well-established investment process
    Standard Life UK Smaller Companies (SLS) is managed by experienced UK smaller-cap specialist Harry Nimmo. He is somewhat cautious on the near-term outlook...
© 2019 Edison Investment Research.

View more research papers »

Today's Best Bank Rates
Heartland Bank 2.15  
Heartland Bank 2.15  
Based on a $50,000 deposit
More Rates »
Cash PIE Rates

Cash Funds

Institution Rate 33% 39%
ANZ 0.10    0.10    0.11
ASB Bank 0.10    0.41    0.42
ASB Bank 0.25    0.59    0.56
ASB Bank 0.30    0.61    0.64
ASB Bank 0.35    0.66    0.69
ASB Bank 0.40    0.72    0.75
BNZ 0.10    0.10    0.10
Heartland Bank 2.00    2.59    2.70
Kiwibank 0.75    0.77    0.88
Kiwibank 1.75    1.81    1.89
Nelson Building Society 3.75    3.90    4.08
SBS Bank 1.50    -    -
TSB Bank 1.60    1.64    1.71
Westpac 0.35    0.36    0.38
Westpac 0.10    0.10    0.11
Westpac 1.85    2.16    2.26

Term Funds

Institution Rate 33% 39%
ANZ Term Fund - 90 days 2.65    2.60    2.79
ANZ Term fund - 12 months 3.40    3.39    3.55
ANZ Term Fund - 120 days 3.00    3.09    3.22
ANZ Term fund - 6 months 3.25    3.45    3.60
ANZ Term Fund - 150 days 3.00    -    -
ANZ Term Fund - 9 months 3.40    -    -
ANZ Term Fund - 18 months 3.45    -    -
ANZ Term Fund - 2 years 3.50    -    -
ANZ Term Fund - 5 years 3.80    -    -
ASB Bank Term Fund - 90 days 2.60    2.67    2.79
ASB Bank Term Fund - 6 months 3.20    3.29    3.43
ASB Bank Term Fund - 12 months 3.20    3.33    3.48
ASB Bank Term Fund - 18 months 3.50    3.65    3.81
ASB Bank Term Fund - 2 years 3.65    3.81    3.98
ASB Bank Term Fund - 5 years 4.10    4.28    4.48
ASB Bank Term Fund - 9 months 3.60    3.75    3.92
BNZ Term PIE - 120 days 2.75    -    -
BNZ Term PIE - 150 days 2.80    3.38    3.53
BNZ Term PIE - 5 years 3.25    3.86    4.04
BNZ Term PIE - 2 years 3.10    3.91    4.09
BNZ Term PIE - 18 months 3.10    3.65    3.81
BNZ Term PIE - 12 months 3.15    3.38    3.53
BNZ Term PIE - 9 months 3.10    3.44    3.60
BNZ Term PIE - 6 months 3.25    3.75    3.92
BNZ Term PIE - 90 days 2.50    2.72    2.85
Co-operative Bank PIE Term Fund - 6 months 3.40    -    -
Heartland Bank Term Deposit PIE - 12 months 3.35    3.53    3.69
Heartland Bank Term Deposit PIE - 6 months 3.25    3.43    3.58
Heartland Bank Term Deposit PIE - 9 months 3.35    3.85    4.02
Heartland Bank Term Deposit PIE - 18 months 3.35    -    -
Heartland Bank Term Deposit PIE - 2 years 3.35    3.43    3.58
Heartland Bank Term Deposit PIE - 5 years 3.55    3.85    4.02
Kiwibank Term Deposit Fund - 90 days 2.65    2.72    2.82
Kiwibank Term Deposit Fund - 6 months 3.40    3.49    3.65
Kiwibank Term Deposit Fund - 12 months 3.50    3.39    3.55
Kiwibank Term Deposit Fund - 150 days 3.15    3.65    3.81
Kiwibank Term Deposit Fund - 120 days 2.95    3.03    3.17
Kiwibank Term Deposit Fund - 9 months 3.40    3.49    3.65
Westpac Term PIE Fund - 150 days 3.00    2.88    3.00
Westpac Term PIE Fund - 120 days 3.30    3.38    3.53
Westpac Term PIE Fund - 18 months 3.50    3.29    3.43
Westpac Term PIE Fund - 12 months 3.50    3.49    3.65
Westpac Term PIE Fund - 6 months 3.30    3.44    3.60
Westpac Term PIE Fund - 9 months 3.35    3.17    3.32
Westpac Term PIE Fund - 90 days 2.75    2.56    2.67
Westpac Term PIE Fund - 2 years 3.70    3.79    3.96
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com