Guess Who Created The Index Fund? (hint: you'll probably be surprised)
The Stacking Benjamins Show
Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP
4.4 • 2K Ratings
🗓️ 13 October 2021
⏱️ 69 minutes
🧾️ Download transcript
Summary
There's a chance you've heard the words "passive investing", "index funds" or "ETF (exchange-traded fund)" but the history behind these is much longer (and more interesting!) than you probably imagined. Passive investing is extremely popular with investors today but that wasn't always the case. Robin Wigglesworth joins us today to talk about the history of index funds and ETFs and the key players that paved the way.
During our headline, we talk about long-term care and the exponentially rising cost of care. Nursing homes are expensive and many people would prefer to have care in their own homes. We talk through some of the options and costs associated with those. We'll also throw out the Haven Life line to Jason who wants to know what to do with a business cash account that has accumulated a large balance. Doug will also share some Vanguard-related trivia since we are talking about passive investing today.
Enjoy!
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Transcript
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| 0:00.0 | To Homer, the Wall Street Genius! |
| 0:03.0 | Yeah! |
| 0:04.0 | Hey, Homer, how come you got money to burn? |
| 0:07.0 | Or sins, anyway. |
| 0:08.0 | Yeah, Homer, what's your secret investment? |
| 0:10.0 | Take a guess. |
| 0:11.0 | Uh, pumpkins? |
| 0:13.0 | Yeah, that's right, Barney. |
| 0:15.0 | This year I invested in pumpkins. |
| 0:17.0 | They've been going up the whole month of October. |
| 0:19.0 | And I got a feeling they're going to peak right around January. |
| 0:23.5 | And bang! |
| 0:24.4 | That's what I'll cash in. |
| 0:30.8 | Live from Joe's Mom's Basement, it's The Stacking Benjamin Show. |
| 0:36.0 | Oh! |
| 0:36.9 | Oh! It's the Stacking Benjamin Show. |
| 0:52.4 | Gather around, kids, because today, Uncle Doug and the team are going to share just how a miracle was made. |
| 0:56.2 | I'm not talking about you. I'm talking about the index fund. |
| 1:02.7 | You might be surprised by the people who led to its rise. And also, by who wasn't as instrumental as you would have originally thought. To tell us all about it, we welcome Financial Times |
| 1:07.9 | global finance correspondent Robin Wigglesworth. |
| 1:11.5 | Plus, more bad news about one Achilles Heel and your financial plan. |
| 1:15.7 | We'll share during our headline segment. |
... |
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