Should You Consider Vanguard S&P 500 ETF (VOO) Before the Next Market Shift?

John Bogle, the founder of the Vanguard Group, once told investors: "Don't look for the needle in the haystack. Just buy the haystack." Instead of choosing individual stocks, Bogle believed that it was smarter to invest in the entire S&P 500 -- since most professional fund managers couldn't beat the benchmark index over the long run.To prove his point, Bogle launched the market's first index fund, the Vanguard S&P 500 Index Fund (NASDAQMUTFUND: VFINX), in 1976. It passively tracked the S&P 500 index and charged lower fees than actively managed funds.At the time, the critics derided it as "Bogle's Folly" and claimed this passive approach to investing was "un-American." The fund only raised $11 million upon its launch, which was well below its original target of $150 million, since many people didn't want to invest in a fund that merely matched the market instead of beating it.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool