If you’ve been around the financial markets for any length of time, I’m sure you’ve heard the term “index fund.”
Index funds are everywhere in modern portfolios, and while many investors have been told they should invest in them, not many understand why they may or may not be a good fit for their personal situation.
Currently, index funds are seeing even more increased visibility due to the death of Jack Bogle, the founder and chief executive officer of the Vanguard Group.
Bogle was known throughout financial services as the founder of the index fund, and he was one of the most influential men the investing world has ever seen.
Let’s examine Bogle’s creation so you can better understand the place of an index fund in a portfolio and how to determine whether they may or may not support your financial goals.