Jack Bogle: How to Create UNBEATABLE Asset Allocation - (John C. Bogle)
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- Опубликовано: 2 июн 2021
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Jack Bogle discusses how to create a perfect asset allocation for your portfolio.
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I’m 32 years old and I am just starting to invest for the first time in my life. I have started contributing to my 401K and opened a Roth IRA with automatic contributions. My question is, does your asset allocation even matter early on, or am I just overthinking this?
There’s a lot to decide on… How much do you want to carry in international, small value, bonds, etc. Most times it is better to just delegate your day-to-day investing to someone of great expertise
Couldn't agree more, investing with the help of a financial advisor set me up for life, retired as a millionaire at 55. I worked hard everyday as a teacher for 32 years, and my salary was over 100k annually. But if it wasn't for the covid-19 lockdown, I wouldn't have supplemented my income with stocks and alternative investments.
@@speak2selwyn good gains! who is this professional that guides you please? enthused about investing for my eventual retirement but dont know how to go about it, for now I only invest in my 401k through my employer and gains are quite slow
She goes by ‘’KAREN LYNNE CHESS’’ I suggest you look her up yourself. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
excellent share, curiously copied and pasted Karen Lynne Chess on the internet, spotted her consulting page at once, and was able to schedule a call session. Ive seen commentaries about advisors but not one looks this phenomenal
The greatest man who ever lived for the small investor. Thank you and rest in peace.
After my father, Jack Bogle is my most admired man. A man of integrity and principle, he cared for the small guy, did not get tied up in the Wall Street Money Machine. He is personally responsible for helping me understand 'long run finance' and I retired financially self sufficient (and absorbing some high cost of life like 2 divorces) in my fifties...this is because I listened and followed the Jack Bogle logic. I 'stayed the course' and it worked out for me.
Thanks for sharing your story Mike! He is one of the most influential people of all times. A genius, a giant, a wonderful good person who wants to educate.
My goodness Mr. Bogle has an incredible memory. Remembers a 1 on 1 interview from 2000 instantly... I can't remember what I ate yesterday...
Jack Bogle initial comments on the importance of sound asset diversification and risk management cannot be overstated. I've been trying to grow my portfolio to $300k for some time and would welcome any other suggestions.
Pretty true! You don't necessarily have to be a flawless investor; All you have to do is seek advice from an expert. I started investing in 2016 and made a profit of around $900,000 in the 2022 due to compounding despite having absolutely no prior investment knowledge.
Due to the significant falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this advisor?
"Theresa Dana Peek" is my advisor. Since then, she has provided entry and exit points for the securities I focus on. If you want to try her, you can do so online. If you want to check her out, you may do so online. I usually trade in accordance with her strategy.
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.
Jack still talks common sense from investment heaven. His knowledge and wisdom is everlasting.
Brilliant explanations. Such an insightful man. Thanks Jack.
Despite the fact that stock prices fluctuate, what is the best method for capitalizing on the current market? I'm still undecided about investing $400k in my stock portfolio.
The market is volatile at this time, hence I will advice you get yourself a financial advisor that can provide you with entry and exit points on the share/etf you focus on.
How can one get a decent investment advisor? I wouldn’t mind getting in touch with yours. In few years I will retire and my portfolio will definitely need some management.
Looked up her name and her website popped up immediately, interesting stuff so far, about to schedule a session with her.
It is great to hear from the old geezers who have more experience in their little fingers than most of us will accumulate in our lifetimes! Don't ignore the advice of those who have seen a lot in their lifetimes.
So true
Jack Bogle is not just any old geezer. He is a legend. R.i.p. Jack Bogle.
I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio dwindle away is such an eye -sore.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
This is exactly how i wish to get my finances coordinated ahead or retirement. Can you recommend the financial advisor you used to get ahead?
Actually, I've shuffled through a few advisors in the past, and “Colleen Janie Towe” remains the most resourceful thus far. Her strategy proves profitable, and sustainable both in a bull & bear market. Most likely, her deets can be found on the net, so you can confirm yourself.
Insightful... I curiously looked up her name on the internet and I found her site and i must say she seems proficient, wrote her an email outlining my objectives. Thanks for sharing.
I would love to talk to him right now. And ask him his thoughts. R.I.P Jack.
He would say the same thing he said his entire life. Invest, take risk, ultimately market will always go up
so true...about crypto.. corona markets and so on and so forth..
Bogle’s wisdom is still as relevant today as it was over every part of the investment cycle of the past 40 years. His advice in during the tech Dotcom crash in the early 2000’s is especially relevant right now as the the NASDAQ is once again at all time highs. Whatever the cycle of the stock market Bogle’s advice is relevant. The best advice… stay the course!
Tech industry is ready to pop
I just love listening to Jack Bogle....
You could listen to him for hours
Brilliant, especially the last minute.
There are not too many people that their advice doesn't get old or outdated. He is one of them. His comments are time less and apply to any market level or condition.
So true!
This is awesome, totally makes sense.
1:13 don't be all or nothing. Never sell ALL your stocks
3:20 i look/think in decade lengths
4:43 i went through the crash of '72 '74 and bonds yielding 15% were the "steal of the century"
6:03 all bear markets are different (unpredictable)
I wish we still had him around to guide us through this tough time…
Watch on bear markets like opportunities not as bad thing
I, too, wish that he were still around. However, his advice for the average investor would be the same today as it was in this (or in any other) video.
I agree@@stephaniegleason7440 😌👍🏼 How old are you?
He would slap you in the face for having FOMO and not staying the course
Simply amazing that he was so sharp well into his 80's.
My portfolio is perfectly balanced. 40% AMC, 30% GME, 30% DOGE. I can't lose!
L. O. L. !
I got suckered into Doge. But I only put in five hundred bucks. But of course I bought it at its highest $0.72 a share. In less then a month I turned five hundred bucks into a hundred and twenty bucks! It was the first and very last time I will ever buy an individual stock.
@@Mymindsgoingblanknow You didn't lose any money. What happened was you paid only $380 for the best lesson you'll ever learn in investing. Don't consider it a loss, consider it as money well spent. This same lesson cost me 1,000's. You got a bargain price. Never forget the lesson, my friend. I am now an indexer and doing fine.
@@keithclunk3125 hahahhahah
@@Mymindsgoingblanknow Doge is not a stock, investing in individual stocks with great balance sheets is not as high risk as you believe
overvalued equities almost always self corrects as companies are oportunistic and issue stock at the high and strengthen the balance sheet improving fundamentals
I’m 32 years old and I am just starting to invest for the first time in my life. I have started contributing to my 401K and opened a Roth IRA with automatic contributions. My question is, does your asset allocation even matter early on?
I love his final statement, “None of this is complicated!” As it’s been said, prudent investment advice can all fit on a single index card.
Down-to-earth approach.
The Legend whomst changed the entire financial industry with index funding.
All you financial youtubers have "long term" analysis. I'm looking for a podcast guy on YT that does short term, my goal is to end this year on course and start pulling profits 2024. I have $300k worth of equities on the line, cant afford mistakes.
There seems to be more negative portfolios this 4th quarter of 2023 even amidst this mkt rally. It's yet about a strategic approach, not predicting market moves. However if i was in your shoes, i will consider financial advisory.
Absolutely right, @bastianrusso. You have to be deliberate in making good profits in this mkts. When confronted with a similar dilemma, we consulted with a fiduciary who assisted us in constructing a robust portfolio. It has endured the test of time and grown to a high seven-figure sum. The dividends from our portfolio cover our expenses and we don't have to worry about inflation/recession corroding our gains.
@@greekbarrios I hope it's okay to inquire if you're still collaborating with the same fiduciary and how I can get in touch with them as i'm in a similar situation to the initial commenter?
Certainly, I have been working with 'Monica Selena Park,' and the beauty of it is her expertise extends to various aspects of financial advisory. She has skillfully constructed a diversified portfolio for me including digital assets, i have amassed 7 figures earnings, capable of withstanding inflation and market changes. I'd suggest you research her further on your browser, sure you'll find her basic info.
excellent share, no BS. just copied and pasted her full name on my browser, thankfully her site came up after scrolling a bit, she seems first-rate
Wise advice
This interview took place 2014
Jack's most overlooked simple advice to his spouse of VBIAX it is so sound I cannot believe how overlooked it is given how simple and effective it is. As Jack Bogle and JL Collins said, I to am a believer in investing in US equities only since most US companies are in global markets. I'd say given its 60/40 asset allocation it would be better suited for those in their 30's on up however it's perfect for those who have zero interest in investing and managing IMO. VBIAX is basically 60% VTSAX and 40% VBTLX all in one. It's all anyone really needs.
Any chance of citing the date of the interview?
Could you imagine if politicians had 1/1000 the integrity, honesty and moral principles of Jack Bogle? America would be a Utopia!
Nonsense. Why does everybody go after politicians. Nobody was forcing people to take out debt or to invest in Enron.
No body today is forcing people to put their money into crypto.
@@bighands69 Because politicians are the sleaziest scum of our population.
@@bighands69 My comment had nothing to do with investments. I was speaking about moral integrity. Politicians have none. At least, all modern politicians. Why else would people spend hundreds of millions of dollars for jobs that pay less than $200k per annum unless they planned to steal it all back...and then some!
Happy families quote is from Anna Karenina..."Happy families are all alike; unhappy families are all unhappy in their own way."
100% securities and I keep buying buying buying through good times and bad!
It's impossible for someone to become wealthy suddenly. A valuable lesson I've picked up from billionaires is to always invest in a diverse range of securities and to put in background effort, even if we usually just see the final product. I intend to profit from the approximately $200k that I want to put in stocks this year.
It may be a good idea to speak with a financial advisor who can help you develop a portfolio based on your individual goals and risk tolerance.
Having an investment advisor is the best way to go about the stock market right now. I was going solo, but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance.
I'm cautious about giving specific recommendations since everyone's situation varies, but I've worked with "Melissa Elise Robinson" for years and highly recommend her. See if she meets your criteria.
Wow! Jack Bogle did market timing.
Last 10 seconds of this video will educate you better about investing than reading decades worth of WSJ.
Exactly
Well it is different for people at different ages. It is a fact that if you retire right before a big correction happens and you need to sell you'll be selling at lows and never recover.
St Jack!
I sold all of our individual stocks and invested in Vanguard ETFs so far so good.
That's smart. I hold mutual funds and only one individual stock Intel.
Individual stocks seem a little risky for me atm. Especially tech
which one? vfv or veqt?
That is madness at best putting all your eggs in one basket. A good conservative investor should have a mixture of stocks, bonds and Mutuals.
@@bighands69 holding vfv is fine though
@@myway8950
Nothing wrong with VFV but to have everything in that would be madness. People are scared of stocks for some reason. If they put 5% of their overall investments into some good quality company stocks they could get very good growth over the long term. The intelligent investor is a great book to read if you are interested in investment its teachings are as relevant today as they were 70 years ago.
A Financial Planner told me Saving at least 15% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. How can take advantage of compound interest and potentially grow your retirement savings overtime?
In times like this it is better to seek help from a professional as such key decisions are better guided by experts with market experience.
That is exactly the reason I stopped trusting the financial advice of RUclipsrs; in the long run, I only end up with a jumbled collection of stocks and bonds. Whereas all I needed to earn over $350k in less than two years was guidance from a true market expert.
Thanks for replying, That's a very impressive return, You must have a good idea of stocks. How did you go about it?
"Melissa Jean Taligdan" was my financial advisor at first. She sometimes makes appearances on CNBC and is highly well-liked in the United States. You can also contact her through her website. I'll be grateful afterward.
When did this interview actually take place
2014
look up: "09 Jack Bogle on Asset Allocation and Market Collapse (2014)"
80% fskax, 10% vgt, 5% developed international, 5% bonds (keep for dry powder)
You should add a little bit of variety into that by searching out some quality businesses with good fundamentals that will produce profits through good and bad marketplaces. Mutual funds can be a great tool but so can stocks and bonds.
Buy stocks of companies people use....then hold for years....excessive trading and panic selling will kill you....
Title seems a little off and some may feel misleading, just not sure? Bogel has been gone for years. Am not sure we should use John's name in the Title to an article or video? otherwise liked the video;' thanks.
Thanks for your comment
I wish John Bogle was taught in High School for all.
Yes I would have retired at 50 instead of 62 .
Benjamin Graham's intelligent investor is amazing as well and should be a must for every investor.
It does not preach one way of investing but shows what is best for different types of people. Not every investor is the same.
I don't understand investment in bonds at all, especially if we're fairly distant from retirement. Diversified? Certainly! 50% S&P fund, 20% NASDAQ fund, and 30% combined in total market, small cap, and mid cap.
thanks for sharing your strategy Michael.
As long as you can handle a 60% correction and several years of recovery after that that’s perfect. I know several young investors that after the dot.com bubble stopped investing in stocks at all. Would have been different if they had a 60/40 portfolio
@@walogalego
If they had of invested in quality companies as well instead of the trend of picking popular fads they would have rode it out as well.
Anybody who invested in cisco was committing an act of madness in the late 1990s.
If Jack Bogle couldn't predict index stock and bond market trends no one can.
Except the part where he said he reduced his equity position from 75% to 25% right before the dot com bust.
@@tbarbuto2345 I must have missed that. Time to watch again.
did he say that 100% stocks with leverage (debt) at 2 to 1 or 3 to 1 and you want someone to bail me out at the bottom and pay him the later once the stocks recover?
Is my understanding correct? and can anyone please explain what did he mean by that? Thank you all.
It was a criticism of the bailouts of 2008. Eg taking on all the risk in the world makes sense if you get to keep all the rewards, but the moment the risk comes back to bite you the government steps in to bail you out. That strategy unfortunately doesn’t work for the rest of us because we will never get that bailout like the banks do. The “Rewards are mine. Debts are ours” strategy of companies now amounts to socialism for the rich, but capitalism for everybody else.
@@ualdayan Alright.. I got it now. Thank you. Appreciate your comment.
He meant leverage will make you go bust so don't do it unless you have someone to bail you out.
For instance you are about to get a million dollar cash inheritance. You leverage a million dollars in stocks whilst anticipating this inheritance so in effect investing the million dollars early. Risky but if indicators are positive then maybe it is worth it. Without the impending inheritance then you are putting everything on the line. How would you feel if your life savings amounted to zero?
"Bonds yielding 7 percent today" Isn't it pretty to think so?
This man has made Americans rich
If you like Bogle, you can also relate to Shiller, Siegel, Grant, Buffett, Munger. Funny how many Value gurus I can name, think of, have read books of. Value investing is timeless, honest, prudent, and keeps you from being poor. Name some Growth managers that have stood the test of time? How about momentum gurus?
The real power for an individual investor is when they combine value investment with quality investment.
If they put in the effort to find a good value security with good financial fundamentals and is a good business they can be onto a real winner.
Bonds didn't work too well in this bear market. It seems bonds move with stocks now and have lost their negative correlation.
Nope. DO not take their patterns to meat causality.
We're in a long term period of higher inflation and bonds have tanked with even treasuries giving a larger return, why should anyone be buying bonds instead of treasuries or CDs when bonds are also volatile? @@bighands69
👉 Track value investors’ portfolio (holdings) and buy/sell history
➡️ valuesider.com/
When was this originally recorded?
@@JosephDickson He died in 2019, so it was some time ago.
When was this recorded?
Before he dead.
Have I understood it correctly: 100% stocks leveraged shell be the best asset allocation long term?
That's what i heard him say. 100% stocks in 2008 and rode the wave, stayed the course. But quite concerned and confused now. I have no experience in the bonds 😕
You got it. Spot on.
I think he was more criticizing the bailouts than advising you to try to do that eg, you and me? We obviously won’t get that bailout at the bottom if we used 3X+ leverage. If somebody is going to have the rewards go to them but then get bailed out when the risk comes home to roost then obviously they can take on all the risk in the world, but that isn’t going to happen for regular people.
With leverage you are likely to go bust, so avoid leverage unless you have someone prepared to bail you out.
Dont you think he would say that today one should be like 100% in stock, if you are still in the 5--60 range? Given the meagre returns of the bonds?
Bonds add variety to the average investor/savers portfolio. It is not all about pure gains because not every investor will dig that deep.
Jack would be happy to know I am buying iBonds…easy money.
I miss him.
he sounds like bellichick
Sounds like John Wayne to me.
No way John would be buying bonds right now 😅
He might buy very short term bonds as a cash equivalent. If not, you think he would be 100% in stocks?
@@mikekeenanphd well when was this video from? Let's compare interest rates from that date to present date. Everyone financial situation is different.
@@MonsieurDee ...and...time horizons are different. He had failing health. Stocks long if you have lots of time ahead!
Neither stocks.
@@rexmundi273 he's said multiple times not to time the market. I'm not sure anymore lol. Whatever happens, happens. I'll just dca
Don’t fight the Fed.
I just spent 13 minutes of my life I can't get back 65/35 formula? Really?
Only a fool would ignore his words of wisdom and not put them into practical use.
Why is the original date not listed, Jack Bogle is dead.
Getting into the trade market panned out to be one of the smartest moves I've made financially after I got introduced to it by a colleague.
What ways would you recommend to someone who has no experience whatsoever and looking to make some money investing?
@@bernadshrimp186 As long as you diversify your portfolio, any single stock that you own shouldn’t have too much of an impact on your overall return. If it does, buying individual stocks might not be the right choice for you, as you can also try out the Roth IRA or I series bonds. Even index funds will fluctuate, so you can’t get rid of all of your risk, try how you might. With guidance, these are achievable. Levi Clemans, a pro Fiduciary oversees my portfolio. You can look him up online, and connect him.
@@Denniss20 Thank you for this tip. it was easy to find your coach. Did my due diligence on him before scheduling a chat with him. Also, brilliant résumé I must say! Got started right away!
@@bernadshrimp186 Why need a coach to buy the 2 global funds?
My one criticism about Mr Bogle is that he's into playing it safe. Is playing it safe always the best course of action?
Leap, and the net will appear.
-John Burroughs
There are times when you just need to leap and step out into the unknown.
Imagine the world where everyone played it safe and took no risks. Where would we be?
I would argue that life is a trade-off between risk and reward.
His argument is that playing it safe will lead to prosperity and happiness. Perhaps, but life offers no guarantees.
Rockets are being tested to send people to Mars. Why? Because of a person like Elon Musk who is willing to take exceptional risks. Mr. Musk is far more wealthier than Mr Bogle. Whose advice should I be taking here?
To be fair, he always talks about risk to time. If you have a lot of time, you should go a lot of risk. The trouble is that he did most of his interviews later in life where his health and time were in short supply.
Many leapers are winners, however just as many are losers. This is the paradox of gambling. Bogle is suggesting the middle ground to keep the stress levels lower. If you were 50 50 7 years ago and completely forgot about things you would have done really well with no stress.
@@jasonmiddleweek1509 it's hard to determine what is the best path. Should you play it safe? should you take some bona fide risks?
Life is like a poker game most of the time. It depends on what card you're dealt and what opportunities are available.
everybody on the internet offers the perfect pathways to success. Of course.
The flying Wallendas could have used more nets when they tightroped
He may have been a depression baby when it took 16 years for market to recover
Give subtitle i.e.write the English spoken by him otherwise Indians can't understand such accent,wt is th point otherwise of making th video in India
Give subtitle i.e.write the English spoken by him otherwise Indians can't understand such accent,wt is th point otherwise of making th video in India
Well I'm indian and I get it, the internet is a great place to learn, expose yourself more to content that is interesting and you'll want to learn as well
@@ashleyjohnson9485 Content is wonderful,only problem is th accent,hence the written part will b important,the overall reach shall b more.
Use the Closed Caption option "CC" option
@@RADIUMGLASS How?
Click on the 3 dots at the top right corner of the video. In the resulting menu, You can enable Closed Caption, play back speed etc.