26-12-2016 20:02 via feedproxy.google.com

JACK BOGLE: 'Main Street hasn't been taking its fair share'

"Main Street hasn't been taking its fair share."
That's according to Jack Bogle, the founder of the $3.5 trillion fund behemoth Vanguard.
He's referring to the cost of investing and the portion of investment returns that finds its way to brokers, distributors, and Wall Street at large.
Bogle has been at the forefront of the effort to change that. He launched Vanguard in 1975 and created the world's first index fund soon after. An index fund tracks the movement of an index, often the S&P 500,
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