| Jack Bogle, the founder of Vanguard Investments, was a titan of investing -- but he wasn’t your typical wolf of Wall Street.
Born in 1929, the Depression instilled in Bogle a deep respect for saving. He was skeptical about the high fees charged by investment managers and banks, which silently ate away the returns they were supposed to generate for their clients and customers.
He founded Vanguard, which became an industry giant by prioritizing investor returns over company profits. Vanguard also launched the first low-cost index fund for everyday investors, democratizing investing for the people. (It’s the same fund we use in our Blockchain Believers Portfolio.)
Throughout his long career, Bogle challenged the industry's focus on beating the market, crusading instead for long-term, low-cost investing. The guy was obsessed with fees.
Bogle died in 2019 at 89 (read more about his remarkable life here). Today, we could use him for crypto, loaded with fees.
Even though crypto was founded on the idea that we could instantly send money around the world with no fees, the opposite is true. For ordinary users, using crypto is usually way more expensive than TradFi.
In today's updated guide, we'll explain what most people pay in taxes and fees and easy ways to reduce your fees and keep more of that money in your pocket. | 