John Bogle, The Vanguard Group senior chairman & founder, discusses why it’s “counter-intuitive” for the retail investor to invest in the markets based only on its current record levels.”People should be thinking about stocks as return generators and income generators; where in the previous market, it was bonds that did the heavy lifting,” Bogle added. Transcript: asked. nice work, ward. let’s bring in the vanguard founder. jack, happy friday to you. good morning. good morning. and thank you. i think the most pertinent question to ask you is really regarding flow. and whether or not you think this year, as we start to see some movement into mutual funds, into equity etfs, is this the beginning of the real thing? has mom and pop really got religion now? i think the answer to that is no. january is seasonally a very good month, as halls been with the year-end reinvestment and pension contributions, has been a very good month for mutual funds. it’s better than it was in the summer and autumn and winter. just last year. and so it’s not the big pop that one would think you’d get. i, for one, think that’s good. you know, when mutual
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