FYI: If you follow the financial news, you probably read stories a few weeks ago about the death of John Bogle, who is credited with creating the first stock index fund in the early 1970s. Bogle was one of the founders of the Vanguard Group, and he helped make index investing a global force in the financial markets.
The basic concept behind an index fund is that because the financial markets are so competitive, you would be better off simply trying to match the overall returns of the market than trying to beat the market. Because index funds generally don’t employ people to research companies or markets, they are often low cost. Thus, index funds can be an efficient way to track market returns.
Regards,
Ted
https://www.denverpost.com/2019/02/03/charlie-farrell-index-investing-road-retirement/
