 We're here at Bogle has nine with our mentor Jack Bogle Jack. Thanks for speaking with us always my treat. Thank you One of the striking things that I heard you say at my first one of my first meetings Was that you could teach just about everything about investing in just a few minutes If I were to put you in front of every single person in the country for those few minutes What would you say to them? Well, I'd say first invest you must if you don't put money away you'll end up with nothing pretty clear and how to invest Don't make it any more complicated. It is own the stock market and own the bond market And you can own the stock market through an old market index fund you can own the bond market through an old bond market index fund and That's the most sensible way to invest and you have to figure out kind of for yourself if you're young You want to be very heavily towards stocks if you're old you've got more wealth less appetite for risk need income more You want to lean tilt heavily the bonds. It's a lifetime asset allocation struggle and Just make sure the funds you buy are low cost don't pay sales loads Watch out for funds that have high turnovers index funds do not Make sure you have very very low cost operating costs and zero management cost Would you do an index fund and then be careful of tax efficiency this trading is Very expensive okay taxes and that's a devastates long-term investment returns So it's the bond market and the stock market and get the cost out of the equation and I guess my final piece of advice would be Don't peak Just put your money away month after month after month after month and don't look and if you start when you're 20 and retire when you're 80 which I'm thinking about doing but haven't decided to do again You see what that account is worth in 60 years you aren't gonna believe it throw everything else out along the way that sounds like fantastic advice the So when when you're tempted to peak on your or even worse when you're tempted to do something in Response to everything else going on. What should we do? How do we avoid that? well is the you know, this is great sort of American ethic and we can always win and The great statement is and don't just stand there do something And then my advice is don't do something just stand there Because we get most excited and most depressed and most likely to sell when the markets are low and We get most elated and most optimistic when the markets at a high when the markets at a low You're tempted there for to sell when the markets are high you're tempted to buy so don't try and tie in the market I've often said that I don't know how to tie in the market I don't know anybody who has ever been able to time the market successfully And I don't even know anybody who knows anybody. It's time to market successfully. That's a lot of people One last thing Your career spans 60 60 years and you've done a lot of amazing things and achieve quite a bit in that time 50 60 years from now What would what would you want people to remember about you or? Remember about your accomplishments or achievements It's been a lot of time thinking about that, but it would be something like He was an ordinary person who did his best