Jason Zweig
speaker
906 appearances
17 recordings
1 series
first heard Jan 2018
last heard Sep 2022
Jason Zweig’s voice in public audio — every appearance, attributed to the second.
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Appearances
And that can work for you if you make a good decision in the first place, and it can work against you as it currently is.
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Many people who are just leaving money in the bank where it's effectively dead money
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because they haven't gone to the effort of moving it to a better place.
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Absolutely.
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And not just banks, but also major brokerage firms, which pay a little more than banks, but not much.
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And generally nowhere near the 2% plus you could get with a little initiative of your own.
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Yeah, it was.
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You know, until the mid 1970s, the return of the stock market was theoretical rather than actual.
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It was only after the invention of the index mutual fund that the total return of the stock market became within the reach of pretty much any individual investor.
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And let me clarify what I mean.
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Until then, it wasn't practical to reinvest the dividends that a stock portfolio generated.
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and earn the total return, the capital appreciation, plus the dividend income over time.
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If you owned a portfolio of individual stocks, it was very cumbersome and expensive.
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Most mutual funds weren't diversified across the entire stock market, and many of those that were actually charged sales commissions to reinvest those dividends.
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Yeah.
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In the mid-1970s, when Jack Bogle's career really took off running Vanguard, which he founded in 1974,
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A realistic estimate of the annual cost of investing for an individual, for a household, was probably two to three percentage points a year at a minimum.
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So if the average return on the stock market, let's say, over the long run was roughly 8%, 9%, 10% at the time,
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you would have been surrendering roughly a third of the total return to expenses alone.
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Yeah.
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Showing 721–740 of 906 · page 37 of 46
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