Legendary investor Bogle optimistic about stocks but advises caution
In a recent New York Times article, legendary investor, founder of the Vanguard Group, and Yale Press author John Bogle insisted that now is the time to buy stocks. Bogle argued that those who buy now, while stock prices are cheap, will be sure to expect profits in the future. Though he expressed optimism, Bogle also advised investors to stay on their toes. He stated, “I’m not looking for a great bull market…There are some reasons to be optimistic about stocks, and I also look at the alternative.”To read more about Bogle’s views towards the American financial market, check out his book The Battle for the Soul of Capitalism.
To listen to a podcast of Bogle’s interview with EconTalk host Russ Roberts, click here.
Bogle is someone I’ve long followed and while I don’t agree on every point, since I’m into pennys, got to love his take on things.
I’m certainly optismic about the coming year, while also concerned about the new administration and how that might affect things.
In general I feel a balance position is always wise, for me I balance pennys with more traditional long terms investments, for others it might be different, but diversification is always a good policy to follow.