Vanguard’s S&P 500 index fund is celebrating its 50th anniversary. Created by Jack Bogle, this low-cost fund revolutionized investing by allowing ordinary savers to buy the entire index without selecting individual stocks. Over half a century, the VFIAX fund reportedly turned $10,000 into $2.4 million according to Vanguard. The fund’s success has fundamentally reshaped how individual investors approach the market.
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