Jack founded Vanguard in 1975 and as of January 2018, the company had more than 20 million customers

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Jack founded Vanguard in 1975 and as of January 2018, the company had more than 20 million customers. At that time, its total assets under management were $5.1 trillion making it the second biggest money manager after Blackrock, which has more than $63 trillion. The difference between Vanguard and other money managers is the approach to investing. The company specializes on mutual funds. Its core purpose is ‘to take a stand for all investors, to treat them fairly, and to give them the best chance for investment success.


’ Unlike other managers, the company does not charge high cambodia telegram data administrative and incentive fees. As a result, the company has not produced billionaires. In fact, Jack Bogle is worth less than $100 million. This article will look at the mutual fund industry that Bogle pioneered and highlight its most important aspects. What is a mutual fund? As an investor, you can decide to go it alone and conduct your own in-depth research on securities that you might invest in.


Alternatively, you can give your investment funds to a money manager who invests in securities they believe will do well. The challenge with this is that many managers tend to charge exorbitant fees. For example, hedge fund managers charge a 2% administrative fee and another 20% incentive fee. This means that if you have invested $2000 and the manager delivers a 10% return, the manager will pocket $80.