Amidst market unrest, exchange traded fund (ETF) critic and investing legend Jack Bogle of Vanguard has been elevated to the level of prophet.
People are looking for advice from and listening to Bogle for his investment advice, particularly in regard to his dedication to low-cost investing, writes Joe Morris of Ignites. There are those who cite Bogle as prescient in regards to his claim in 1998 that the stock market returns will average between 3% and 5% over the coming decade.
Bogle advises investors to invest conservatively and for the long term. By doing so, investors will have to forgo liquidity.
But if Bogle is so prophetic, why would he propose buying and holding for 10 years and making no money? Why not follow trends or just not invest at all. Bonds would have done so much better.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.