Latest news with #Bogle
Yahoo
20-05-2025
- Business
- Yahoo
Top Bloomberg analyst credits Saylor and ETFs for Bitcoin's stunning rally
Industry insiders may be celebrating Bitcoin's climb toward all-time highs, but Bloomberg ETF analyst Eric Balchunas says the credit shouldn't just go to longtime crypto believers — it's the exchange-traded funds (ETFs) investors who truly moved the needle. In an exclusive conversation with TheStreet Roundtable, Balchunas pointed out that while early adopters and crypto natives are enjoying the rally, spot Bitcoin ETFs were the real catalyst behind the surge from $30,000 to $70,000. 'If you look at the last 18 months, ETFs and Saylor were net buyers. Everyone else? Net sellers,' Balchunas said. 'The ETFs did all the heavy-lifting.' Balchunas is a Senior ETF Analyst at Bloomberg Intelligence, known for his expertise in exchange-traded funds. With over two decades of experience, he bridges traditional finance and emerging assets like cryptocurrencies. He argues that ETFs make crypto investing far more accessible. 'ETFs are simple — you roll out of bed, click a button, and boom — Bitcoin exposure. No wallets, no exchange headaches, no 2% fees. Just 1–2 basis points. That's Amazon-level simplicity.' For investors who care about decentralization and self-custody, Balchunas says that's fine — but most people just want in. 'If you're into wallets and decentralization, great — but most people just want to invest. ETFs let them do that, fast and cheap.' Balchunas also believes ETFs helped clean up the damage left by scandals like FTX. 'FTX created a stench. The ETFs cleared that out.' As of May 19, Bitcoin ETFs had traded a total of $3.63 billion in value, per data from SoSo Value. He also noted how Bitcoin held strong during recent volatility. 'It didn't fall 40% like I expected. It was held. And when the market bounced, it outperformed.' As per Kraken's price feeds, Bitcoin is trading at $104,790, up 2.3% in the past 24 hours and showing continued strength after a sharp rebound in April. The world's largest cryptocurrency has climbed 11.7% over the past two weeks and 24.6% in the past month, reflecting growing investor confidence. With year-over-year gains now exceeding 56%, Bitcoin appears to be regaining momentum, supported by macro tailwinds, ETF inflows, and renewed institutional interest. Balchunas tied this shift to what he calls the 'Bogle Effect,' referencing Vanguard founder Jack Bogle. 'What Bogle did was flip Wall Street upside down. He created a firm where the investors owned the company… less churn, and a completely new investor behavior — one that doesn't panic-sell every time there's a dip.' According to Balchunas, Bitcoin ETFs are now channeling that same effect into crypto. 'Crypto often talks about decentralization and eliminating middlemen. But in practice, the space is full of friction — clunky wallets, high fees, confusing platforms. If the industry wants mainstream adoption, it needs to internalize what Bogle stood for: investor-first design.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Tatler Asia
12-05-2025
- Business
- Tatler Asia
The hidden wisdom of investing legends: 5 powerful lessons for a prosperous life
Peter Lynch: finding wisdom in everyday life The former Magellan Fund manager championed investing in what you know. Lynch discovered investment opportunities through everyday experiences, investing in Dunkin' Donuts after being impressed by their coffee and in The Gap after observing its popularity with teenagers while shopping with his daughters. Perhaps his most profound lesson came from his decision to retire at 46 to prioritise family, noting: 'When the operas outnumber the football games three to zero, you know there is something wrong with your life.' Lynch's actionable investment wisdom: Pay attention to products and services you personally use and understand. Your everyday consumer experiences can identify promising investments before Wall Street notices them, giving you an edge through practical knowledge. Jack Bogle: the champion of everyday investors The founder of Vanguard revolutionised investing through a surprisingly counterintuitive approach: instead of trying to beat the market, he advocated joining it through low-cost index funds. Though this strategy earned him industry adversaries, Bogle remained steadfast, believing that ordinary investors deserved fair treatment and reasonable fees. His personal philosophy centred on simplicity, integrity and fair dealing. 'The shortest route to top quartile performance is to be in the bottom quartile of expenses,' he famously noted. Even after building Vanguard into a financial powerhouse, Bogle maintained modest personal habits and a steadfast moral compass, believing that character and contribution mattered more than personal wealth. Bogle's actionable investment wisdom: Consider whether active management truly adds value to your portfolio versus low-cost index funds. By minimising fees and avoiding excessive trading, you preserve more of your returns while reducing stress and decision fatigue. Ray Dalio: principles and inner clarity The founder of Bridgewater Associates attributes significant success to an unexpected practice: transcendental meditation. For decades, Dalio has meditated daily, crediting the practice with improving concentration, enhancing creativity and providing mental clarity for navigating market complexities. His book Principles also emphasises radical transparency and facing reality head-on, even when it's uncomfortable. The investing legend's formula—Pain + Reflection = Progress—encourages viewing mistakes as valuable learning opportunities rather than failures. His 'All-Weather Portfolio' concept, designed to perform across various economic environments, reflects this balanced approach to life and investing. Dalio's actionable investment wisdom: Create a personal investment framework that can withstand different economic conditions. Balance your portfolio across asset classes that perform well in varying environments—growth, inflation, deflation and recession—rather than trying to predict which scenario will occur. Geraldine Weiss: breaking Wall Street's glass ceiling When Geraldine Weiss entered the investment world in the 1960s, Wall Street firms rejected her applications despite her qualifications, suggesting she become a secretary instead. Undeterred, she pioneered her own dividend-based investment strategy and co-founded the influential Investment Quality Trends newsletter under the gender-neutral signature 'G. Weiss' to avoid bias. Her groundbreaking dividend yield theory focused on blue-chip companies trading at historically high dividend yields, a strategy that consistently outperformed the market for decades. Weiss pointed out that dividends play a crucial role in total returns, and they're the only part investors can count on with any real consistency. But Weiss's most profound legacy may be her perseverance in transforming systemic barriers. When finally revealing her gender to subscribers years later, her track record had become so impressive that clients remained loyal, proving that performance transcends prejudice. Weiss's actionable investment wisdom: Look beyond price fluctuations to dividend consistency when evaluating long-term investments. Companies with strong historical dividend patterns often represent stable businesses with reliable cash flows and shareholder-focused management. These investing legends share qualities that go beyond financial success: lifelong curiosity, a simple approach and resilience through tough times. While their financial accomplishments are impressive, their most valuable habits like reading, being patient and enjoying life's simple pleasures are things anyone can adopt. As they've proven, true wealth isn't just about money—it's about how you live. NOW READ 10 biggest celebrity paychecks for a single film (that we know about) Warren Buffett is stepping down as Berkshire Hathaway CEO. Here are the highlights of his extraordinary career McLarens, Bugattis and a minivan: The supercars owned by the world's most famous celebrities Credits This article was created with the assistance of AI tools
Mint
01-05-2025
- Business
- Mint
7 key lessons from John Bogle's classic, ‘The Little Book of Common Sense Investing'
John C. Bogle, the visionary founder of the Vanguard Group, transformed the investment world with his advocacy of low-cost index funds. In his iconic book The Little Book of Common Sense Investing, first published in 2007, Bogle discusses decades of financial wisdom into thought-provoking and enlightening guidance for both retail investors and professionals. Here are seven pivotal lessons from the book that can help investors make well-considered and prudent investment decisions. Bogle was an ardent supporter of low-cost index funds, funds that mirror the performance of the overall stock market. By minimising fees, investors can retain a larger share of returns, making index funds a reasonable and prudent choice for long-term wealth creation. Investment costs, such as management fees and transaction charges, can significantly erode returns over time. Bogle believed it was crucial to keep these expenses under control to maximise long-term investment growth. Many new retail investors across global markets lose substantial value due to frequent buying and selling, as well as high transaction costs. This is a critical consideration and should be followed diligently to avoid unnecessary losses in equity markets. Markets, much like life, are inherently unpredictable. Attempting to forecast them often leads to suboptimal and poorly informed investment decisions. Bogle advocates for a calm, disciplined and well-considered investment philosophy, one that encourages consistent investing, while avoiding short-term greed and the futile temptation to perfectly time the market. Investors must have a clear understanding of their investment holdings. This means having both a vision and a reason for including a particular company in the portfolio. Such clarity can support efficient portfolio management. Bogle encourages sincere research and comprehensive analysis of the assets within one's portfolio to make informed and educational investment decisions. Market volatility and short-term fluctuations due to global geopolitical developments are inevitable. To combat this situation, Bogle suggests maintaining a long-term perspective, allowing investments to grow over time without being swayed by transient market volatility. In fact, investors should consider market volatility a friend and look for sensible investment ideas during it to build long-term wealth. No one asset class is perfect for long-term wealth creation. Diversification reduces risk by spreading investments across various asset classes, such as equities, bonds, mutual funds, gold, etc. Bogle advocates a well-diversified portfolio to safeguard against economic downturns and deep recessions in any one asset class. The most glaring examples of this can be seen in history, when the dot-com bubble crash of 2000-01 and the housing crash of 2007-08 had serious ramifications for these asset classes. During such difficult times, if an investor is well diversified across various asset classes, then the risk of capital decimation is automatically reduced immensely. Composure and consistency are the keys to investing. Bogle advises investors to remain steadfast in their investment ideology and long-term strategy. Investors should strongly resist the urge to make impulsive changes in their investment styles and portfolios based on market conditions and trends. Disclaimer: This article is for informational purposes only and should not be construed as investment advice. Readers are advised to consult a qualified financial advisor before making any investment decisions. First Published: 1 May 2025, 02:42 PM IST
Yahoo
01-05-2025
- Business
- Yahoo
Top analyst shares a rare lesson from Vanguard's playbook
On Apr 29, the wealth manager Nick Maggiulli highlighted the legacy of Vanguard founder Jack Bogle in his newsletter. Maggiulli cited Bloomberg ETF analyst Eric Balchunas, who deconstructed the calculation of that trillion-dollar figure in a separate article this week. In a recent article tribute celebrating the 50 years since Vanguard's establishment, Maggiulli shared with his readers how Bogle's philosophy saved American investors over $1 trillion. The savings came from lower fees and lower trading costs — and the wider industry pressure led rival firms to cut expenses as well. According to Balchunas, the article reads, the savings are due to four primary drivers: lower fund expense ratios ($300B), lower trading costs owing to less portfolio turnover ($250B), and what he dubs the Vanguard Effect — the competitive pressures Vanguard put on competitors to reduce their fees, both for active ($200B) and passive ($250B) funds. The Vanguard ultra-low-cost index funds changed the game — by not only charging less but also causing everybody else to charge less. Balchunas, who also tracks the development of crypto ETFs, believes that the Bogle effect is 'among the top 3 most impactful things in the financial world in the past 50yrs'. The introduction of low-fee spot Bitcoin ETFs in the United States has set off a fee war whereby companies like BlackRock and Fidelity cut expenses to compete, which Balchunas has been vocal about in the past. On Jan 8, 2024, he wrote, 'told y'all the fee war would break out bf they even launched. And this is w out Vanguard on the mix. Damn', probably hinting at the Bogle effect phenomena. This strategy reflects what Bogle accomplished for mutual funds and might save crypto investors billions over time. TheStreet reached out to Eric Balchunas for further comment on the parallels between the Bitcoin ETF fee war and the Bogle Effect. As of publication, we are awaiting a response. Sign in to access your portfolio
USA Today
27-04-2025
- Sport
- USA Today
MSU defensive lineman Khris Bogle gets NFL minicamp invite from New York Giants
MSU defensive lineman Khris Bogle gets NFL minicamp invite from New York Giants Michigan State defensive lineman Khris Bogle will get a chance to play his way onto the New York Giants' roster Michigan State defensive lineman Khris Bogle will continue his football career in the Big Apple. Bogle will get the opportunity to earn his spot in the NFL with the New York Giants after receiving a minicamp invite on Sunday. Bogle went undrafted in the 2025 NFL Draft but will now have the chance to earn a spot on the Giants' roster thanks to this minicamp invite. Bogle wrapped up a six year college career this past season with the Spartans. Bogle transferred to Michigan State in 2021 after playing three years at Florida. During his time with the Gators, Bogle appeared in 35 games where he recorded 69 tackles (12 for loss), 8 sacks, 2 passes defended and 1 forced fumble. Following his time at Florida, Bogle appeared in 26 games across three years at Michigan State. As a Spartan, Bogle recorded 62 tackles (13 for loss) and 6.5 sacks. Stay with Spartans Wire for additional post-NFL Draft coverage surrounding Michigan State football. Contact/Follow us @The SpartansWire on X (formerly Twitter) and like our page on Facebook to follow ongoing coverage of Michigan State news, notes and opinion. You can also follow Robert Bondy on X @RobertBondy5.
