Even Financial Pros Choose Indexing for Retirement Savings
John Bogle, founder of Vanguard Group, speaks at a portfolio manager conference in New York on Feb. 16, 2012.
Photographer: Scott Eells/BloombergThis article is for subscribers only.
Planning for retirement? You're better off saving on fees in an index fund than trying to beat the markets.
That recommendation by legendary investor Jack Bogle is shared by 42 percent of financial professionals in the latest Bloomberg Markets Global Poll, who were asked about the most appropriate way for a midcareer person to invest for retirement. Only 18 percent said actively managed mutual funds were the best option, 17 percent recommended individual stocks and bonds, and 14 percent favored real estate.