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Index investing, downside to what Jack Bogle accomplished
Posted: Sat Jan 19, 2019 11:37 am
by murphy_p_t
I expect this post may ruffle some feathers.
What are your thoughts on losing the proxy vote for all the shares you hold of your index fund companies?
The Market Ticker - Ding Dong This Man Did Real Harm
https://tickerforum.org/akcs-www?singlepost=3465349
Re: Index investing, downside to what Jack Bogle accomplished
Posted: Sat Jan 19, 2019 12:12 pm
by jacksonM
Who has the time to actively manage a portfolio of stocks and pay enough attention to each holding to cast a knowledgeable vote for the board of directors? Not me. I don't think I ever made such a vote when I did hold some stocks. And if it was a one-share one-vote deal I never owned enough to make the slightest difference.
Update: Upon further reflection I think I was probably showing my naivete in thinking the author of that piece was actually recommending A DIY portfolio as opposed to index funds. Much more likely he is trying to promote active management for a fee - in which case I can see why he doesn't like Mr. Bogle.
Re: Index investing, downside to what Jack Bogle accomplished
Posted: Sat Jan 19, 2019 1:43 pm
by buddtholomew