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- Jack Bogle doesn’t feel ‘super confident’ about the market rally – here’s why
Jack Bogle doesn't feel 'super confident' about the market rally – here's why
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Loading...The markets may be in a period of growth amid hopes for economic improvement, but long-term growth does not look very sunny, said investment legend Jack Bogle.
According to him, for 10 years the GDP may rise to 2% but likely to slow the growth of corporate profits. The way the economy is structured today it will struggle to achieve the objectives of the White House for growth of 3 to 3.5%.
The week after Trump inauguration, Bogle said there are seven financial reforms that he hopes the new administration to adopt, including return of Glass-Steagall and supporting transparency and disclosure standards.
On Tuesday Bogle spoke about the benefits of indexing or adjusting asset weights in a portfolio so that its performance matches that of an index. The reason indexing has done so well is because it gives the investor a fair share of any market return we receive.
On its 21 anniversary of a heart transplant, he said that celebrating 21-year-old heart, but also celebrating the revolution that indexes bear the financial markets.
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