Luke Delorme updates some research from 2012 and finds that Tactical funds consistently under-performed a ‘simple’ Vanguard index fund.  Read the full article here >>

40 years ago, John Bogle introduced the first index fund, to the disdain of Wall Street and its agents. 40 years later, the index fund has become the most successful investment vehicle in history, proving Samuelson’s 1974 observation that: “A respect for evidence compels me to incline toward the hypothesis that most portfolio managers should Read more about Bogle’s “Folly” Turns 40![…]