Welcome to the Stay Wealthy podcast with Taylor Schulte.

As you may be noticing, this is not Taylor Schulte.

This is Jeremy Schneider filling in for Taylor for the month of June.

I'm recording these episodes a few weeks in advance.

I just heard Taylor's most recent episode where he shared publicly that he's indeed having

a baby this month, which I think is the real reason why I'm

taking over for the month of June. So he's having his third kid in between his successful

business and his podcast and writing all the articles and emails and everything else that he does.

I'm sure the third child will keep him busy. So, St. Taylor, your congrats.

You can find the show notes and links that I mentioned in this episode at you stay wealthy.com

slash 113.

So the title of this episode, Five Reasons Index Funds, may be bad for America, is kind of

clickbaited.

But the reason I'm talking about this is because index funds are super popular.

The first one, if we look back historically, was actually introduced not that long ago back in

1975 by Jack Bogle, the founder of Vanguard. And his idea of having an index fund that basically

instead of carefully choosing which stocks to buy to maximize your performance, his idea of an

index fund was just to buy all the stocks to just guarantee your fair share of growth of the

entire stock market. For a while, that basically made him the laughing stock of the industry.

You know, these Wall Street guys who their entire business was around choosing stocks and doing fundamental

analysis and really diving deep into which stocks are good and which stocks are bad.

His idea that you could just buy all the stocks was kind of ridiculous at the time.

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