Vanguard has a new article 50 years. 50 facts. Indexing since 1976. with some interesting bits for investing enthusiasts.
I feel like younger folks simply know index investing as the default for essentially every single 401k plan out there. Most own index funds without even thinking about it. However, 50 years ago, it was called “Bogle’s Folly” when a young Jack Bogle went against Wall Street and introduced his index fund to everyday people.
Even 25 years ago when I started out, you really had to make a conscious choice to buy a Vanguard index fund. If you didn’t open an account directly at Vanguard, you were looking at high commissions on every trade because Vanguard refused to pay kickbacks to brokers to keep them on “No Transaction Fee” lists. Vanguard may send me glossy brochures now, but back in the day, they were super-thrifty with ze...
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