Did You Know? The First Index fund was started by an American gentleman by the name of John Bogul in 1976.
Well, now you know.
To ensure you know moreThe Money Show's Bruce Whitfield interviews Galileo Capital Financial Advisor Warren Ingram for his weekly personal finance feature.
Index Funds are very efficient from a cost point of view because you don't need to pay fund managers to second guess the market— Warren Ingram
Mr Bogul's very audatious dream was that this could raise about $150 Million Dollars in one day, fortunately he was horribly wrong.— Warren Ingram
Four the first three or four years of the investment's life, he just couldn't outperform the his peers at all.— Warren Ingram
Listen to Ingram discuss how what is now known as the Vangaurd 500 Index Fund has performed in the last ten years.
This is a story of how the Asset Management industry has adapted to this Index Fund phenomenon.— Warren Ingram
This article first appeared on 702 : So what did index funds look like 40 years ago?