Index or Active? Why Not Both?

When Jack Bogle created Vanguard and launched the world’s first index fund back in 1976, people thought he was crazy. The underlying concept of owning all the public stocks seemed mad. Who would want to simply “match the market?” Well, it turns out a lot of people. Recent data shows that more and more investors are favoring passive vehicles such as Vanguard’s S&P 500 Index Fund (VOO) rather than vehicles that let a fund manager do the stock picking.