Who invented the index fund? A brief (true) history of index funds

Pop quiz! If I asked you, “Who invented the index fund?” what would your answer be? I’ll bet most of you don’t know and don’t care. But those who do care would probably answer, “John Bogle, founder of The Vanguard Group.” And that’s what I would have answered too until a few weeks ago.

But, it turns out, this answer is false.

Yes, Bogle founded the first publicly-available index fund. And yes, Bogle is responsible for popularizing and promoting index funds as the “common sense” investment answer for the average person. For this, he deserves much praise.

But Bogle did not invent index funds. In fact, for a long time he was opposed to the very idea of them!

John Bogle did not invent index funds

Recently, while writing the investing lesson for my upcoming Audible course about the basics of financial independence, I found myself deep down a rabbit hole. What started as a simple Google search to verify that Bogle was indeed the creator of index funds led me to a “secret history” of which I’d been completely unaware.

In this article, I’ve done my best to assemble the bits and pieces I discovered while tracking down the origins of index funds. I’m sure I’ve made some mistakes here. (If you spot an error or know of additional info that should be included, drop me a line.)

Here then, is a brief history of index funds.

10 Financially Sound Books on How to Manage Money + Best All Time List

Learning how to manage money effectively is one of the best gifts you can give yourself. It will help you live the life of your dreams. The honest question to ask is are you willing to read a non-fiction book on a topic you don’t enjoy very much. Most likely, not. But, I have complied … Read more

Read More… 10 Financially Sound Books on How to Manage Money + Best All Time List

Personal Financial Improvement With The Fruit Of The Spirit

How does love apply to money? Is it possible to be joyful even when broke? Do I have the self-control to get out and stay out of debt? Find out more!

The post Personal Financial Improvement With The Fruit Of The Spirit appeared first on Bible Money Matters and was written by Tim Kiser. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.

2020 Business and Life Review

Welcome to my 2020 Business and Life Review! Usually, I separate my travel and business annual review content into two separate blog posts, but this year I’ve decided to combine it into one. 2020 was a different kind of year, and I’m sure nearly everyone would agree with that statement. It was a tough year […]

The post 2020 Business and Life Review appeared first on Making Sense Of Cents.

The Sweet Spot

“Success can get you to the top of a beautiful cliff, but then propel you right over the edge of it.” As a Mustachian, there’s a good chance that you are a bit of an overachiever.  Maybe you fought hard to get exceptional grades in school, or perhaps you have always dominated in your career […]

How to Budget Money and Still Enjoy Life

Budgeting is such an adulting term. Nothing can make you feel more like an adult when you need to learn how to budget your money, stop buying frivolous things, and save for retirement. A budget just sounds like no fun. Is it possible to learn how to budget money and still enjoy life? However, the … Read more

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Being More Self-Sufficient Will Help Alleviate Your Political Angst

If we want to feel more secure and better able to handle any political turbulence, we must look to our ancestors and practice self-sufficiency again.

The post Being More Self-Sufficient Will Help Alleviate Your Political Angst appeared first on Bible Money Matters and was written by Melissa. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.