Jack Bogel Says Trading is "pointless"

[murray t turtle]

It is common knowledge and over mentioned. You wouldn't introduce Sir Paul McCartney as an original Beatle. Burton Malkiel's work is practically the foundation of Index investing. The book makes his research accessible for all. Incidentally, Malkiel is on the board of Vanguard.

Caveat. Obviously the book has nothing to do about trading. It's just what I recommend to newbs and family who ask questions.

%%%%%%%%%%%%%%%%%%%%%%%

Agree with your last paragraph; ALSO,Vanguard out voted BM,JV, that is why they offer funds one can trade-invest[NOT JUST BUY @ END OF DAY;LOL some like the freedom to buy @ their time NOT just @ close] NOT really an ad for trading-investing simply; market info..................................................................................................Thanks

 

[marketsurfer]

The smartest move is intelligent long term investing via wealthfront. surf

 

[i960]

The smartest move is intelligent long term investing via wealthfront. surf

Why would I uae wealthfront when I can just use Vanguard directly?

 

[sowterdad]

Why would I uae wealthfront when I can just use Vanguard directly?

It all depends on how personall active you want to be. For a modest Fee, these advisors take control of periodically rebalancing the portfolio - all chores most are not capable of doing emotionally, or lack the experience, time, discipline to do . These services have become very modestly priced - and Vanguard has also offered a similar Advisor Service. Potentially worth looking into; particularly if those involved don't want to be active participants.

 

[loyek590]

It all depends on how personall active you want to be. For a modest Fee, these advisors take control of periodically rebalancing the portfolio - all chores most are not capable of doing emotionally, or lack the experience, time, discipline to do . These services have become very modestly priced - and Vanguard has also offered a similar Advisor Service. Potentially worth looking into; particularly if those involved don't want to be active participants.

for a "modest fee"????????? There isnt that much left anymore. Most conservative investors with a balanced portfolio are just hoping for 4%. And on top of that you are going to pay "a modest fee"???? And for what? 85% of all of them underperform the index. And only 15% outperform for five years. And on top of that, you have to guess which one will outperform.

And you are going to pay somebody a "modest fee" out of your 4% to guess better than the index?

this thread isn't even serious anymore. It should be in the psycho thread where people believe in things.

at some point you need to ask yoursel if buying shares of companies is a profitable idea

if not, carry on your superstition which is based on no facts

trading is a different matter, it's just a job, like owning a restaurant or hardware store. And I'm sure Jack Bogle would advise most normal people to not open a restaurant or hardware store since most fail, or at least underperform the index.

Yet, when they succeed, his index buys shares in them.

 

[qxr1011]

http://www.marketwatch.com/story/wh...ntless-john-bogle-2015-07-30?dist=tbeforebell

He is correct !

Trading is pointless.... for 99.9999% of the people...

and there are no so called "many traders do well with short-term trading" out there...

instead very very few, if any... because you are as good as your last series of trades...

 

[marketsurfer]

It all depends on how personall active you want to be. For a modest Fee, these advisors take control of periodically rebalancing the portfolio - all chores most are not capable of doing emotionally, or lack the experience, time, discipline to do . These services have become very modestly priced - and Vanguard has also offered a similar Advisor Service. Potentially worth looking into; particularly if those involved don't want to be active participants.

Yes, but its important to note that the fees are zero at wealthfront for the first $15k.

The daily tax loss harvesting is a huge positive that the "active" investors rarely think about. Remember, im talking about wealth building not having fun in an active trading account ( nothing wrong with that as long as you maintain firm footing in reality).

This will be the end of the human RIA etc.

surf

 

[marketsurfer]

for a "modest fee"????????? There isnt that much left anymore. Most conservative investors with a balanced portfolio are just hoping for 4%. And on top of that you are going to pay "a modest fee"???? And for what? 85% of all of them underperform the index. And only 15% outperform for five years. And on top of that, you have to guess which one will outperform.

And you are going to pay somebody a "modest fee" out of your 4% to guess better than the index?

this thread isn't even serious anymore. It should be in the psycho thread where people believe in things.

at some point you need to ask yoursel if buying shares of companies is a profitable idea

if not, carry on your superstition which is based on no facts

trading is a different matter, it's just a job, like owning a restaurant or hardware store. And I'm sure Jack Bogle would advise most normal people to not open a restaurant or hardware store since most fail, or at least underperform the index.

Yet, when they succeed, his index buys shares in them.

Trading is nothing like owning a business. Absolutely nothing is comparative.

surf

 

[loyek590]

Trading is nothing like owning a business. Absolutely nothing is comparative.

surf

I hear ya, in business there is no guarantee there will be sombody at the end of the day to buy anything that will spoil over night

 

[newwurldmn]

I hear ya, in business there is no guarantee there will be sombody at the end of the day to buy anything that will spoil over night

But there is a decent chance that if someone bought something today, someone will buy something tomorrow and that you will likely make money on that transaction.