What Do Real Estate Agents and Stock Brokers Have in Common?
In the 1970s, a relatively unknown investment banker named Jack Bogle, shook up the financial world with an innovative idea known as the index fund. Simply put, an index fund is a mutual fund that matches large market indexes, such as the S&P 500 or the Dow Jones Industrial Average. Index funds are highly diversified (thus less risky), and have extremely low operating expenses, since individual stocks are rarely traded. Prior to the advent of the index fund, mutual funds were