The DJIA (above) did jack between 1964 and 1982 – that’s 18 years to be asleep at the wheel. It started at 850 and ended at 850. Hell of a ride though. Click chart to enlarge.
The DJIA (second chart) did jack between 1999 and 2010 – another 11 years siphoned off. It started at 10k and is still at 10k. Another great ride too. All you had to do is pay all your management fees. Click chart to enlarge.
The S&P 500 repeated similar patterns between 1968 and 1980 and between 1998 and today, 2010. So as smart and nice as he might be, and as successful a company he’s built, I wouldn’t buy a Vanguard fund because John Bogle reminds of you your grandfather.
If you don’t have a sense of history and challenge all the crap you hear, it’s no one’s fault but your own if you don’t reach your financial goals. That’s why I became a trader. No one is going to care about my money more than me. Don’t kid yourself by believing differently.