Making Money Minute with Ron Hiebert - Buy The Haystack
In some sectors it is hard for even professionals to spot companies early in their corporate lives that will become huge winners - think Microsoft, Apple or Amazon. John Bogle, an early pioneer in ETF’s and low fee mutual funds, had some great advice. He said, “ instead of trying to find the needle in a haystack - just buy the entire haystack. In other words, own a basket of stocks rather than just one individual name. For growth or tech holdings, this can be as easy as, buying a Nasdaq Exchange Traded Fund. This Index has gone up 15 times in the last 16 years.
