09 Jack Bogle on Asset Allocation and Market Collapse (2014)

[@eljefe1643]

Jack is a legend, everytime I panick I come back and look at his videos. Thank you sir. RIP

[@lagunamatata455]

JAck speaks so freely, and with such ease, his memory is better than mines especially his recall. And I am in my late 20's ... I thoroughly enjoy this man's intelligence.

[@dimag1830]

Almost 90 year old and sharp as a razor.

[@jpsantosss]

He would have been 79 here in 2014…

[@duongdangvinhphuc89]

Tôi đã xem toàn bộ video này và thực sự rất thích nó. Jack Bogle đã trình bày những thông tin quý báu về việc phân bổ tài sản và cách xem xét thị trường. Một bài học quan trọng mà tôi đã rút ra từ video này là về tính cân đối và thái độ không nên hoàn toàn dâng hết tài sản vào một loại tài sản cụ thể. Ông đã khuyến nghị sự cân bằng giữa cổ phiếu và trái phiếu, với tỷ lệ 65% cổ phiếu và 35% trái phiếu là một phân bổ thông minh. Tôi muốn bày tỏ lòng biết ơn sâu sắc đến người tạo ra video này, vì đã giúp tôi hiểu rõ hơn về quá trình phân bổ tài sản và cách đối phó với sụp đổ thị trường. Video này thực sự giúp tôi cảm thấy tự tin hơn trong việc quản lý đầu tư của mình. Cảm ơn bạn đã chia sẻ video này và mang đến cho chúng tôi cơ hội học hỏi từ một người có kiến thức và kinh nghiệm sâu sắc như Jack Bogle. Hy vọng sẽ có nhiều video bổ ích khác trong tương lai.

[@Kralnor]

Rest in peace, Saint Jack.

[@kirilmihaylov1934]

When did he die?!!? I haven't heard about it...

[@Kralnor]

@@kirilmihaylov1934 He died a month ago edition.cnn.com/2019/01/16/investing/john-bogle-obituary/index.html

[@fentonfairway5793]

Thank you for uploading this. This video, and the subsequent comments, are a treasure trove of invaluable information for a young investor, such as myself.

[@Freelancer-bs8jc]

He's got such a young voice - unbelievable!

[@stemikger]

I know, it's kind of freaky. His mind is so sharp and his voice is that of a young man. He is a brilliant man with a huge intellect.

[@4341015]

He sounds like he in his 40's.

[@Koolyococo]

And such an old face!

[@apothe6]

He could done radio

[@Discovery_and_Change]

0:26 protect you against behavioral mistakes 0:46 don't worry if the market gets 20% or 25% overvalued 0:53 but if your stocks get overvalued by more than 25%, reallocate from 65% stocks to 50% stocks 1:04 selling ALL your stocks is a no 3:11 i look at things in decade lengths 3:23 7% return a year doubles your money in a decade 4:33 i went through the crash from 1972 to 1974 5:18 theyre all different (market declines)

[@davidcarson7855]

I have followed John Bogle's advise for almost 20 years and won't change

[@JaeWest]

Has it worked.

[@rgarri6396]

@@JaeWest I was a follower of this man and he made me millions! The best person for investors that ever lived.

[@joshatyt]

I love this man! He has done so much to my understanding of the stock market. A national treasure. RIP

[@renindy]

“All happy families are alike; each unhappy family is unhappy in its own way.” ― Leo Tolstoy , Anna Karenina

[@dranilguptacardiolog]

Read books by John C. Bogle. 1. The little book on common sense investing. 2. Bogle on mutual funds 3. Common sense on mutual funds. 4. Bogle on investing ,the 50 years. 5.Enough 6. Clash of Cultures. 7. Character counts.8. Battle for soul of capitalism .

[@VTI777]

Wish I'd known this great man many, many yrs ago, nonetheless, I'm grateful I'm able to put into practice his investing method even in the latter years of my life.

[@stemikger]

Throw away all your investment books, magazines, etc. All you need to do is follow what Jack says.

[@scottab140]

Bogle is great for basics, but doesn't talk about why hedge fund managers are legally not able to invest for the middle class as they are the hunted.

[@219garry]

Yes, that's all a person has to do. Do some of your own research. Pick a dozen top quality companies and invest in them for the long haul. Wall Street makes it appear harder than what it really is. They try to confuse you to the point you think you need them to help you. It's simply not true once you dig into it. It's extremely simple

[@chrisginoc]

@@scottab140 Middle class?

[@fentonfairway5793]

Gee purrs Yes, a buy-and-hold strategy will eventually win out and grant the investor a small fortune, that is my belief. Furthermore, if the investor is frugal in his personal life, then he will achieve those goals he wishes to see more swiftly - this has been my experience, and my portfolio and net worth has been growing very nicely over the past couple of years; not bad for a working-class kid. I am 23 right now, so if my assumptions are correct, then I can reach a good sum of compounded capital before I turn 40.

[@BEETHEFASHION]

I can’t wait 😊 to purchase his book...well shoot 🤔 every book he has published actually! I don’t have any investments in the stock market yet because I’m still in the learning process but I am excited for the future! He is the best teacher I have come across and of course the knowledgeable!

[@joycekoch5746]

Miss Jack. Imagine how good his insights would be if he were alive today.

[@ClaxtonBay123]

His insights wouldn't be any different than most of his videos on KZbin. The long term strategy stays the same.

[@adriantrummer6126]

@@ClaxtonBay123 he probably would have FOMOed into Bitcoin if he were still alive ;)

[@aravindsahani1982]

@@ClaxtonBay123 Yuan guy Uyghur it high you uuuuuuuu

[@jackyu2819]

Bogle was a ROCK investor. An epitome of stability.

[@xpat73]

All I do is listen to Bogle. You don't need a financial advisor....skimming money off you. It's so simple.

[@typhoon320i]

+xpat73 Me too. The only part where I am on the fence is: I own a fair amount of VTSAX, but about 50% of my equities is in 2 actively managed funds I have owned for 20 years that have out performed the S&P handily over that time. He might say "20 years is not 70 years" we'll see I may decide to eliminate those active holdings at some point.

[@stemikger]

You can't go wrong with Jack's advice and remember the enemy of a good plan is the dream of a perfect plan.

[@stemikger]

I am personally 100% index, but 20 years is a good track record. It sounds like you have one of the few good managed funds out there. Just make sure the costs are low enough to justify the higher returns. If they are very high, I would just go 100% index funds. Vanguard Index Funds of course because not all index funds are low cost.

[@dlg5485]

It really is that simple! But most people can't get thru a down market without screwing things up. I do think his recommended 65/35 allocation is too conservative, particularly if you have a long time horizon. I've been using a 90/10 allocation for as long as I can remember and it has paid off BIG over the years. I also invest equaly in large, mid and small cap stocks, all index, to further diversify and supercharge potential returns. I'm not a kid either, just turned 48. I'm planning to retiring at 62 and will stay at 90/10 until I'm 55, then gradually taper down to 65/25/10 by the time I retire.

[@davidcarson7855]

I talked to Ameriprise 10 years ago and was stubborn enough about no wrap account so the senior person I was talking to admitted he didn't like my approach because of the lack of profit--never signed up for a wrap account because I saw no reason to increase my fees by 600%--because of changes I cut the fees by about 70%--I admit a big part of that is my dislike of being placed in new funds so the "advisor" can get a fancy car or trip

[@hiltz0007]

love him! God bless you!

[@josephwhite9628]

Thank gof for videos like this keeping Bongles wisdom alive

[@ZCAR355]

RIP, sir. Thank you.

[@The_Unintelligent_Speculator]

This video is treasure.

[@groundedinfirstprinciples383]

Great interview! Thanks for posting.

[@Ikaros23]

Bogle is like the Yoda of investing long term. A zen master

[@rodeleon2875]

i've been dollar cost averaging money into mutual funds for over 30 years through all conditions. in the 90's i felt like a genius. money grew on trees. in the mid-late 2000's i felt like an idiot. put in 1000 and the next month its down to 800. but i learned to just quit watching it keep plugging away. it takes discipline and confidence built on knowledge. JB and his method was right and his company has made me a lot of money.

[@2024Red-j5t]

Taking early notes from Warren as to the importance of sound asset diversification and risk management It can’t be overstated. I’ve been trying to grow my portfolio of $300K for sometime now, I would greatly appreciate any other suggestions.

[@Countstep0099]

It's more challenging to create a strong financial portfolio, so I advise you to get help from a professional. You can then receive strategies that are specifically suited to your long-term objectives and financial aspirations.

[@wealthychronicle-i1u]

Quite true! You don't necessarily need to be a flawless investor; all you need to do is seek advice from an expert. I began investing in 2016 and pulled a profit of roughly $900k that same year despite having no prior investment knowledge.

[@Petroguest-i4g]

That’s impressive, have you always had a financial advisor?

[@wealthychronicle-i1u]

My consultant is Nicole Desiree Simon She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision.

[@Petroguest-i4g]

I just checked her up online, and I must admit that she has an extremely outstanding experience in investment. Thanks for sharing. I'm going to send her an email right away

[@forrobin8]

RIP MR JAK BOGGLE YOU ARE AN ANGEL

[@atomatom6442]

A true legend! Cornerstone and Foundation Funds!

[@PandemicGameplay]

Bogle and Buffet have MANY years of experience. When I see baffoons from Goldman, etc. trying to make market predictions I just laugh and then go back to watching videos like these. PAST PERFORMANCE WILL NEVER GUARANTEE FUTURE RESULTS. At a certain point in US history bonds were performing around 7% while equities were around 4%. Obviously this changes over time which is why important to diversify.

[@mscommentry]

Thank you for this video! I never heard of this gentleman before but he is smart and so informative on a level that even I can relate to and I am the most uneconomic person.

[@stemikger]

mscommentry John "Jack" Bogle will never steer you wrong. He has helped the little guy for all these years and he is still fighting the good fight. I too am a Boglehead. It is a great place to learn and discuss personal finance and investing. May I suggest reading The Little Book on Common Sense Investing and if you want to get into more advanced theory, read Common Sense on Mutual Funds both by John Bogle.

[@diogeneslantern18]

+stephen geraci I rate Common Sense on Mutual Funds even above Ben Graham's Intelligent Investor. It is so good!

[@stemikger]

PartiZAn18 I agree! No one has done more to help the average person obtain wealth then John Bogle. Just by investing in index funds, you already saved a huge amount that would have gone to fees, but you get to keep it for yourself.

[@jperez1910]

mscommentry He is a true Finacial genius...

[@Personalfinance_10174]

Glad to hear every now and then bonds do make more sense than stocks and "market timing" is appropriate, at least adjusting %s in a portfolio does make sense...not something you will hear on Bogleheads forum, but here it is from the man himself.

[@sonos168]

All happy families are the same...each unhappy family is different in it’s own way

[@12braptured76]

It’s amazing looking back no one was right ! Those who never sold won !

[@JB-ef6wt]

Pay close attention as he describes living through past markets (various combinations of stocks and bonds looking cheap). He points out that it was NOT always easy to see what was under or over valued, nor was it easy to see that there was a problem or even catastrophe brewing. He describes that bonds were the better investment at times, stocks at other times... and it's not always clear. This is why you must diversify into both stocks and bonds, holding both in a static asset allocation such as 50/50 or 60/40. Don't try to time the market, don't think you'll be able to sit in cash until stocks are a good buy. Just dedicate yourself to an asset allocation strategy, stick with it, rebalance annually, and don't try to outguess the market.

[@chrisginoc]

More money had been lost trying to time the market...

[@fishtherapy100]

@@chrisginoc if you cant read charts trying to time the market is like pissing in the wind. if you can read charts, they give VERY clear pictures of bull &bear markets. By just avoiding the drawdowns you make a LOT of money. or should I say, you lose a lot less. Would you invest 50% of your money in bonds right now bearing in mind...25% of global bonds are producing a negative yield? as for equities? Probably PEAK RISK.

[@drott150]

All true and a great statement. BUT...I have to admit I made a big mistake by selling out of the market just before the election in 2016. I was scared the whole market would crash, not just because of the election but because I thought it was a bubble at that time and thought a correction had to come soon. Boy was I wrong. And I compounded this error by staying out for almost 4 years leading up to March 19, 2020 when I sensed we might be at a market bottom and put my money back in. The absolute bottom turned out to be March 23 which is the exact date my trades settled. I desperately wanted to erase my mistake and had been waiting for the opportunity for sooo long. I know it's heretical to say this but the virus was my financial godsend. And I know it was mostly luck for once in my life I actually timed a market bottom perfectly. When Jack Bogle speaks above at how he exited the dot com boom right before the bust, even he has engaged in some market timing. Albeit by still staying in the market by transitioning to mostly bonds. That's the idea I'm adopting in a big way now. Divorcing my notions of completely exiting the market and instead reapportioning my allocations from stocks to bonds according to my perceived market risk (and age). Anyway, great comment, may we all have to courage, discipline and wisdom to ride out the market downturns and come out on the other side looking pretty.

[@harrisonwintergreen1147]

Bogle talked about valuation a lot more than the typical Boglehead does. He really understood how critical valuation is for long-term ROI

[@Tetrall]

Man - He quoted Tolstoy. I like him, they don't make a lot of investors like him anymore.

[@guloguloguy]

......"DON"T DO SOMETHING!!.....JUST STAND THERE!!!.....".... LOL!!!

[@prieten49]

Oooo, don't remind me of the Vanguard Asset Allocation Fund. I had my IRA in that. It had gone up to $140,000 prior to 2008 and BAMMM! it dropped to $90,000. The manager of the fund, Mellon Bank, had left it allocated to 100% stocks. Thanks a lot! The fund was so slow to recover that Vanguard got rid of it. Yes, that's the only case I know of where Vanguard dissolved a fund. Well, I can't complain, I put the $90,000 in the Wellesley Fund and it did recover nicely there.

[@scottab140]

Legendary investor.

[@nationalnotes]

A legend for the stock market. I always wonder what he thought of income-producing real estate.

[@stonewalled9696]

It's so many subjects to keep them straight.

[@anteatereater]

Dont do something. Just stand there.

[@jimfountain2603]

The Retirement Gamble.... a Frontline doc. with John Bogle.....Watch it, it is a Must See...

[@tonioyendis4464]

Man, if only we had KZbin back-n-da-day and I got to hear this man drop investment wisdom on me; I would have some really great monies!

[@BenCarnage]

The only reason to buy individual stocks in reality is if you have information other do not. It's the only real way to buy at a discount or sell at a premium to an extent where you might, only might, beat the market. I have over 2/3 of my investments in Index funds. I like the process of researching companies and I like following the company related news etc. I can make a justification for buying the individual stocks I do buy, but the reasons are probably never good enough to not simply buy the index instead. In the end you're simply ''feeling'' if the market will value the company higher or lower in the future. Even if you can show mathematically that the company will generate more profits it doesn't make an adequate predictor of market behavior. I don't see it as gambling, but rather a sub-optimal investment strategy. I consistently make a profit, but over a long period of time I have no delusions that I could beat the index.

[@blankbmusic]

What is the best way for me to learn to comprehend what he's talking about? (My financial knowledge is kindergarten as of now)

[@ciceroaraujo2552]

you should right down all the words that he mentions and you may not understand and watch videos or Google it and you will be to understand and make the off it.

[@foraminutethere23]

John Smith khan Academy is not shit

[@foraminutethere23]

It's not supposed to be. It's supposed to be help for explaining things when people do not understand the material. A supplement. Why did you watch hundreds of hours of it?

[@groundedinfirstprinciples383]

Hi Brandon, a good place start out learning about investing, Finance, accounting is investopedia.com. it will teach you the basic concepts in short formatting of most of what you need to know through the intermediate level. It's great for beginners and then there are sections where it gets more advanced once you've learned enough, and they even have study guide for things like the CPA exam in the CFA exam which are considered master's degree level. So you can grow with it. Don't just use that but also look at Khan Academy and other advanced lectures 2 get better grasps of the concepts through examples. Also Google the term freshman year for free. It's a website dedicated to people who want to test out of freshman year introductory courses. As a resource they provide lectures from University level professors in all of the freshman and some of the sophomore year classes of the most common degree plans. So you will see things related to accounting management marketing perhaps finance and other courses that would be beneficial as you're learning about the markets. PS it's free.

[@JackAtPage]

I don't know how old you are, but I read "How to Invest in your 20's and 30's" (I'm 25) and then read it again. I had to google a few words in it, but it was a solid foundation. I then read "A Random Walk Down Wall-Street" and "Common Sense on Mutual Funds". After that, I read those two books again. I've read other books, but that's because I started nerding out on investing. Those three books will run you less than 50 bucks, and will make you hundreds of thousands of dollars. I would say that these three books will take you from a 5 year olds understanding to at least a senior in high school. They were very, very informative and honestly provide you will a vast majority of what you need to know as a basic investor. There are going to be people who say that I'm wrong, and I very well could be. I don't think I am. Warren Buffet (the most successful investor, averaged 20.8% return over 50+ years, with the S&P500 averaging just over 10%) often said (I'm paraphrasing) "many investors think that beating the market average is needed. A majority of investors do not because of fee's and/or going into non-diversified accounts." The general advice that John Bogle gives is % in bonds of how old you are, and the rest in stocks. 70% US Broad Market, 25% in International Broad Market, and 5% in US Bond, all using index funds. This probably isn't a good idea if you are planning on retiring in 20 years, but the longest time that a 100% US Broad Market portfolio has taken 25 years to rebound (1931-1956).

[@xxxs8309]

What a legend

[@MetalBum]

@mark witte What are your thoughts on a three or 4 fund that also has some Emerging market funds and Gold/Silver/Miners funds especially since Ray Dalio and others are suggesting ther's a major shift into gold for hedging and emerging markets for long term growth potential. In comparison to slowing developed markets and low or negative yield bonds?

[@DodsonDodsworth]

Is his name jack or is it john? I've seen other videos where his name is john bogle. Or are they 2 different persons? Or are they brothers? What is his name?

[@avburns]

He was born John Bogle, but people call him "Jack" as a sort of nickname. So, the answer is both.

[@maxb4724]

Still that gold voice

[@unknown-user]

We get to add the 2020 crash to the history books and we get also to talk about it as a relic in the future when we reach new all time highs. This is the nature of the stock market, it goes up, it goes down, and it goes up again and down again and up once more and it stays up. Old companies will crash and burn and new ones replace them and life goes on.

[@SFreedberg1]

What do you do today though when bonds are paying close to nothing? I don't think using bonds makes sense in today's environment. What do you gentlemen think?

[@stefang2014]

The great Jack Bogle would likely say to stay the course. Whatever that portfolio allocation was prior to recent events. You're right to be concerned with the relatively high risk and low yielding environment we're in today. But as Mr. Munger once said, "Welcome to the club... Sorry I can't help you... I don't know what to do about it." On the other hand, as Mr. Buffet has said numerous times over the years, "asset prices are in relationship to interest rates... and given today's interest rates, stocks are cheap.... We're net buyers of equities." Take your pick. And don't beat yourself up. No one knows.....

[@SFreedberg1]

@@stefang2014 Thanking for taking the time to reply - it is useful

[@Miguel-pd3no]

lol.... Index Bond funds have been doing quite well. And yes, stay the course. Total Bond Index and/or an Index that follows the Barclays Aggregate. Doing well.

[@SFreedberg1]

@@Miguel-pd3no Thank you - you're probably right. I'll look into it.

[@fredatlas4396]

Very interesting Jack explains the 2008 global financial crisis, you see it wasn't the last Labour government's fault here in the UK, but reckless banks. I no I've diverged from the conversation about investing. When I read bogle's book on lnvesting I wasn't to impressed but after listening to his you tube videos I see he is very astute and makes a lot of sense

[@ripplerfx]

Is it wiser to buy the s&p 500 index or the US total stock market? Both would be from vanguard but I'm a little confused as to which is the better decision.

[@stemikger]

It makes little difference. Their returns are practically identical. The Total Stock Market owns all the stocks in the U.S. small, medium and large and the S&P only owns the 500 largest companies in America. I personally like the S&P (which is what I use), but it really doesn't matter much.

[@ok373737]

The S&P 500 pays substantially more dividends beacuse most of the stocks in the index are large-caps stocks.

[@corylopez5264]

not really a substantial difference, like a .08 percent difference, and the total market fund is $100 less. total market fund might be a slightly more conservative play if anything.

[@m.morininvestor9920]

Tommy get the total market in my opinion.

[@roryboytube]

Past has shown they perform similar even though the All mkt includes small cap value. S&P consistently better by just 1 or 2% points. I hold equal share of both but if i had to choose then S&P 500 is the tried & tested Gold Standard

[@SWFInstitute1]

Vanguard is one of the largest ETF providers.

[@davidcarson7855]

Mr Bogle does make a good point--treat ETFs as a very long term investment and don't do much trading

[@golummcsmeagolhomie2396]

SWFI and yo granny be one of the largest BJ providers

[@sunofman2008]

PRICELESS

[@viralml]

A hands-on with Python on the Bogleheads approach - kzbin.info/www/bejne/opSWm4isqdh7rbc

[@user-zh2cm4ur4n]

He quoted Tolstoy!!!!

[@roryboytube]

Karenina

[@sveinmagnussen6079]

Good guy!

[@TheJSmithBA]

Why does the interviewer interrupt so much?

[@Philliesphan32]

Missed

[@claraxu2519]

Bookmarked

[@Missouriman99]

Sad to say this is just unrealistic allocation with us 30 year at less than 2% yield what a legend tho I’d go with 35% if it was still the 80s

[@ElliotBrownJingles]

Anna Karenina....

[@AYVYN]

He’s always right. I feel like a kid constantly going back to making dumb mistakes, haha

[@barackblows1942]

If you bailed on 3/23/20, then you made a huge mistake! 💸💸💸💸

[@irvinghenriquez8231]

"twenty-o-nine" this man has no time for extra syllables lol

[@Showmetheevidence-]

It’s how some people just talk

[@davidprestipino624]

Buy Safemoon Inu

[@partidascompletasdefutebol]

Even John C. Bogle can commit erros on stock market. Nice talking.

[@AP-rg7wi]

The interviewer needs to shut up and let him talk!

[@isaidstream4547]

His voice is like a robot WTF

[@golummcsmeagolhomie2396]

isaid stream snoke robot

[@alistairproductions]

In a way doubling your money in a decade isn't that great. It's obviously much better than not doing so, but a decade can be considered a fairly long time really

[@roryboytube]

Investment for many is about protection and security for the future rather than trying to be a millionaire.

[@alistairproductions]

Redpilled_Tuber True, but then idea you’d have to invest just to successfully save is kind of a disappointing notion to begin with

[@JRTKesha]

"The return on your investment is less important than the return OF your investment."

[@gabrielhatlows686]

The defective pollution isely blot because anteater physically present atop a rightful donkey. quack, obsolete leopard

[@greigsanderson]

Homer Simpsons dad. ah hahahahahahaha

[@aLittlePal]

RIP