...reminded of the Citibank "live richly" ad campaign with billboards that said things like "Isn't a heart of gold enough?" and "There's a reason why they don't call it warm, soft cash"? The notion that there are more important things in life than money is a perfectly good notion, but coming from the company (or the founder of the company) whose job it is to manage your life savings, it's enough to make you a little uneasy.
Johanna
of MD
@
Sep 30, 2009 18:15:28 PM
Mr. Bogle
Mr Boggle is simply stating that the money Managers "ARE" taking too much. He is warning you to stear clear of them! He is advising to invest in Stocks thru Index "STOCK" Funds and Low cost Diversified Stock Funds. And to Feel satisfied that you "HAVE ENOUGH" We need to feel satisfaction with what we have or what we work for is lost! We all work for a satisfied future. And we have that if we have enough!
joe
of NV
@
Sep 30, 2009 16:38:45 PM
Isn't it great
that 'one of the "world’s 100 most powerful and influential people"' can NOW lean back on his fat checkbook and admonish us to take the philosphic view...those 50 or 60 million working poor whose children go to bed hungry at night should thank him for the insight.
loneranger
of CA
@
Sep 29, 2009 15:12:15 PM
It's great
that Mr. Bogle has arrived at these revelations of wisdom. I'm going to guess that if American society had not errantly dismantled it's higher income tax rate structure for stratospheric incomes in the 1980's that Mr. Bogle would not today find himself needing to say, "I've developed a profound concern that our society is moving in the wrong direction."
You see, Mr. Bogle now knows that enough is "enough". Many of his peers in the high-up sphere do not know that, and the actions of many of them have affected the world for the worse. Once upon a time in the 40's, 50's, 60's and 70's, we had an automatic "check" on the problem. Today we do not.
Kimberly Palmer, senior editor for U.S. News & World Report, writes about how to save money, avoid scams, manage debt, and be a savvy shopper. Send your personal finance questions to her for expert money advice.
CHARLOTTE NC of NC @ Oct 01, 2009 11:48:42 AM
Johanna of MD @ Sep 30, 2009 18:15:28 PM
joe of NV @ Sep 30, 2009 16:38:45 PM
loneranger of CA @ Sep 29, 2009 15:12:15 PM
Muser of NM @ Sep 29, 2009 12:45:19 PM
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