--- title: "Meaning & Key Takeaway of: My favourite holdings are Vanguard's…" description: "\"My favourite holdings are Vanguard's Wellington Fund, a balanced mutual fund which is a legacy investment from my first career at Wellington Management..." image: "https://sms4smile.com/quotes/i/edf/john-c-bogle-2199_career_my-favourite-holdings-are-vanguard-s-wel_2083069.jpg" --- # My favourite holdings are Vanguard's Wellington Fund, a… ![“My favourite holdings are Vanguard's Wellington Fund, a balanced mutual fund which is a legacy investment from my first career at Wellington Management Co., and the Vanguard 500 Index Fund.” quote by John C. Bogle](https://sms4smile.com/quotes/i/edf/john-c-bogle-2199_career_my-favourite-holdings-are-vanguard-s-wel_2083069.jpg) [Download](https://sms4smile.com/quotes/i/edf/john-c-bogle-2199_career_my-favourite-holdings-are-vanguard-s-wel_2083069.jpg) [Open image](https://sms4smile.com/quotes/i/edf/john-c-bogle-2199_career_my-favourite-holdings-are-vanguard-s-wel_2083069.jpg) > “My favourite holdings are Vanguard's Wellington Fund, a balanced mutual fund which is a legacy investment from my first career at Wellington Management Co., and the Vanguard 500 Index Fund.” [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Diversified, low‑cost funds like Vanguard’s Wellington and 500 Index provide stable, long‑term growth for investors. **In simple terms:** Balanced funds and index funds help grow wealth safely. Key Takeaway Invest in diversified, low‑cost funds. Themes investing finance diversification Mood prudent optimistic Type advisory educational When to use this quote - retirement planning - college savings - wealth building - portfolio rebalancing Key Concepts mutual funds index investing cost efficiency Questions to Reflect On - How do you balance risk and cost in your portfolio? - What role does diversification play in your financial goals? A Different Perspective Market volatility can erode returns if not managed. ★ ★ ★ ★ ★ No ratings yet [Career](https://sms4smile.com/quotes/about/career/) [First Car](https://sms4smile.com/quotes/about/first-car/) [Investing](https://sms4smile.com/quotes/about/investing/) [Investment](https://sms4smile.com/quotes/about/investment/) [Legacy](https://sms4smile.com/quotes/about/legacy/) [Management](https://sms4smile.com/quotes/about/management/) [Money](https://sms4smile.com/quotes/about/money/) [Mutual fund](https://sms4smile.com/quotes/about/mutual-fund/) ## Related quotes > [Vanguard never would have happened if I hadn't been fired as CEO of Wellington Management Company, the firm that did the investing for the…](https://sms4smile.com/quotes/john-c-bogle/vanguard-never-would-have-happened-if-i-hadn-t-been-fired-as-ceo-of/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [Among my greatest disappointments about the mutual fund industry - in addition to excessive costs and excessive focus on the short-term - is that…](https://sms4smile.com/quotes/john-c-bogle/among-my-greatest-disappointments-about-the-mutual-fund-industry-in/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [The culture of the mutual fund industry, when I came into it in 1951, was pretty much a culture of fiduciary duty and investment,…](https://sms4smile.com/quotes/john-c-bogle/the-culture-of-the-mutual-fund-industry-when-i-came-into-it-in-1951/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [Surprise! The returns reported by mutual funds aren't actually earned by mutual fund investors.](https://sms4smile.com/quotes/john-c-bogle/surprise-the-returns-reported-by-mutual-funds-aren-t-actually-earned/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [The general systems of money management today require people to pretend to do something they can't do and like something they don't. It's a…](https://sms4smile.com/quotes/john-c-bogle/the-general-systems-of-money-management-today-require-people-to-2/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [We need a federal government commission to study the way our financial services system is working - I believe it is working badly -…](https://sms4smile.com/quotes/john-c-bogle/we-need-a-federal-government-commission-to-study-the-way-our/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [The idea that a bell rings to signal when investors should get into or out of the stock market is simply not credible. After…](https://sms4smile.com/quotes/john-c-bogle/the-idea-that-a-bell-rings-to-signal-when-investors-should-get-into/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [The mutual fund industry has been built, in a sense, on witchcraft.](https://sms4smile.com/quotes/john-c-bogle/the-mutual-fund-industry-has-been-built-in-a-sense-on-witchcraft/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [Yes, the investor is often his own worst enemy. Yes, the marketing colossus known as the mutual fund industry provides the weaponry which enables…](https://sms4smile.com/quotes/john-c-bogle/yes-the-investor-is-often-his-own-worst-enemy-yes-the-marketing/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [We need a mutual fund industry with both vision and values; a vision of fiduciary duty and shareholder service, and values rooted in the…](https://sms4smile.com/quotes/john-c-bogle/we-need-a-mutual-fund-industry-with-both-vision-and-values-a-vision/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [There no longer can be any doubt that the creation of the first index mutual fund was the most successful innovation - especially for…](https://sms4smile.com/quotes/john-c-bogle/there-no-longer-can-be-any-doubt-that-the-creation-of-the-first-index/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [Entrepreneurs or international conglomerateurs, or large financial institutions buy or create mutual fund management companies to create a return on their own capital. It's…](https://sms4smile.com/quotes/john-c-bogle/entrepreneurs-or-international-conglomerateurs-or-large-financial/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [Our capitalistic scheme in the latter years of the 20th century seems to have lost its way. We've had a "pathalogical change" from traditional…](https://sms4smile.com/quotes/john-c-bogle/our-capitalistic-scheme-in-the-latter-years-of-the-20th-century-seems/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [The fund scandals shined the spotlight on the fact that mutual fund managers were putting their interests ahead of the fund shareholders who trusted…](https://sms4smile.com/quotes/john-c-bogle/the-fund-scandals-shined-the-spotlight-on-the-fact-that-mutual-fund/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [Without getting into brothels, there are ethical capitalists the problem is that there aren't enough of them. It is not "just a few bad…](https://sms4smile.com/quotes/john-c-bogle/without-getting-into-brothels-there-are-ethical-capitalists-the/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) ## More by John C. Bogle > [The basic idea of retirement income is, to me, to get a check, two checks every month, one from your fixed income and one…](https://sms4smile.com/quotes/john-c-bogle/the-basic-idea-of-retirement-income-is-to-me-to-get-a-check-two/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [When you're young, you've got plenty of time to recover from your mistakes.](https://sms4smile.com/quotes/john-c-bogle/when-you-re-young-you-ve-got-plenty-of-time-to-recover-from-your/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [I almost hate to say how proud I am of my career and, most of all, helping folks get the returns they deserve.](https://sms4smile.com/quotes/john-c-bogle/i-almost-hate-to-say-how-proud-i-am-of-my-career-and-most-of-all/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [The Vanguard Experiment was designed to prove that mutual funds could operate independently, and do so in a manner that would directly benefit their…](https://sms4smile.com/quotes/john-c-bogle/the-vanguard-experiment-was-designed-to-prove-that-mutual-funds-could/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [“An investment in knowledge always pays the best interest. Learning is to the Studious, and Riches to the Careful. If a man empties his…](https://sms4smile.com/quotes/john-c-bogle/an-investment-in-knowledge-always-pays-the-best-interest-learning-is/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [I liked the so-called Volcker Rule. I would have separated investment banking and commercial, deposit banking, as we did under the Glass-Steagal Act. I…](https://sms4smile.com/quotes/john-c-bogle/i-liked-the-so-called-volcker-rule-i-would-have-separated-investment/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [We make too much out of past performance, and it's very misleading to investors. It causes them to move money around. They buy a…](https://sms4smile.com/quotes/john-c-bogle/we-make-too-much-out-of-past-performance-and-it-s-very-misleading-to/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [It's very difficult for any particular segment of the stock market to sustain superior performance. The watch word for our financial markets is, "reversion…](https://sms4smile.com/quotes/john-c-bogle/it-s-very-difficult-for-any-particular-segment-of-the-stock-market-to/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [I do think that impact investing is not that effective. Shares go from investor A to investor B, and the company doesn't even know…](https://sms4smile.com/quotes/john-c-bogle/i-do-think-that-impact-investing-is-not-that-effective-shares-go-from/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [I was born in an earlier generation and, as a group, my classmates at Blair Academy and Princeton University were as ethical, straightforward, and…](https://sms4smile.com/quotes/john-c-bogle/i-was-born-in-an-earlier-generation-and-as-a-group-my-classmates-at/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [My only regret about money is that I don't have more to give away.](https://sms4smile.com/quotes/john-c-bogle/my-only-regret-about-money-is-that-i-don-t-have-more-to-give-away/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [U.S. companies are innovative and entrepreneurial.](https://sms4smile.com/quotes/john-c-bogle/u-s-companies-are-innovative-and-entrepreneurial/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [Successful investing is about owning businesses and reaping the huge rewards provided by the dividends and earnings growth of our nation's - and, for…](https://sms4smile.com/quotes/john-c-bogle/successful-investing-is-about-owning-businesses-and-reaping-the-huge/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [Without getting into brothels, there are ethical capitalists the problem is that there aren't enough of them. It is not "just a few bad…](https://sms4smile.com/quotes/john-c-bogle/without-getting-into-brothels-there-are-ethical-capitalists-the/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [The average hedge fund manager is going to earn zero per cent in extra return.](https://sms4smile.com/quotes/john-c-bogle/the-average-hedge-fund-manager-is-going-to-earn-zero-per-cent-in/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) [Explore all 179 John C. Bogle quotes ](https://sms4smile.com/quotes/author/john-c-bogle/) ## More Career quotes > [“Don’t allow anyone to pressure you into taking a job in a field that doesn’t feel right in your gut. You are the one…](https://sms4smile.com/quotes/alison-james/don-t-allow-anyone-to-pressure-you-into-taking-a-job-in-a-field-that/) Alison James > [In every province, the chief occupations, in order of importance, are lovemaking, malicious gossip, and talking nonsense.](https://sms4smile.com/quotes/voltaire/in-every-province-the-chief-occupations-in-order-of-importance-are/) [Voltaire](https://sms4smile.com/quotes/author/voltaire/) > [I think I've had the longest career of strength, focus, and still being able to sell records. I think I'm that guy. I'm still…](https://sms4smile.com/quotes/nas/i-think-i-ve-had-the-longest-career-of-strength-focus-and-still-being/) [Nas](https://sms4smile.com/quotes/author/nas/) > [One needs more than ambition and talent to make a success of anything, really. There must be love and a vocation.](https://sms4smile.com/quotes/jessye-norman/one-needs-more-than-ambition-and-talent-to-make-a-success-of-anything/) [Jessye Norman](https://sms4smile.com/quotes/author/jessye-norman/) > [There are so many things you can do with your life, you can go to school and study toward your career, you can become…](https://sms4smile.com/quotes/simphiwe-scientist-dumi/there-are-so-many-things-you-can-do-with-your-life-you-can-go-to/) [Simphiwe Scientist Dumi](https://sms4smile.com/quotes/author/simphiwe-scientist-dumi/) > [I always knew I wanted to have a good career, so I made it happen.](https://sms4smile.com/quotes/chord-overstreet/i-always-knew-i-wanted-to-have-a-good-career-so-i-made-it-happen/) [Chord Overstreet](https://sms4smile.com/quotes/author/chord-overstreet/) > [I am a very big fan of Brian Eno, of his work as an artist and making his music, and as a producer. In…](https://sms4smile.com/quotes/rostam-batmanglij/i-am-a-very-big-fan-of-brian-eno-of-his-work-as-an-artist-and-making/) [Rostam Batmanglij](https://sms4smile.com/quotes/author/rostam-batmanglij/) > [If I can beat a proven champion like Canelo, that will take my career to a different level.](https://sms4smile.com/quotes/gennady-golovkin/if-i-can-beat-a-proven-champion-like-canelo-that-will-take-my-career/) [Gennady Golovkin](https://sms4smile.com/quotes/author/gennady-golovkin/) > [My non-career. My excuse for a career? Honestly, I never think about the word 'career.' I've had managers, the minute they say it to…](https://sms4smile.com/quotes/tom-verlaine/my-non-career-my-excuse-for-a-career-honestly-i-never-think-about-the/) [Tom Verlaine](https://sms4smile.com/quotes/author/tom-verlaine/) > [“The vocation of a man lies in his vision.”](https://sms4smile.com/quotes/lailah-gifty-akita/the-vocation-of-a-man-lies-in-his-vision/) [Lailah Gifty Akita](https://sms4smile.com/quotes/author/lailah-gifty-akita/) > [I started off as a model maker, so the first part of my career was a model maker and then a motion control camera…](https://sms4smile.com/quotes/john-knoll/i-started-off-as-a-model-maker-so-the-first-part-of-my-career-was-a/) [John Knoll](https://sms4smile.com/quotes/author/john-knoll/) > [Growing up I did commercials and things like that, but nothing serious. As I got older, my family is really hardcore into academics. They…](https://sms4smile.com/quotes/portia-doubleday/growing-up-i-did-commercials-and-things-like-that-but-nothing-serious/) [Portia Doubleday](https://sms4smile.com/quotes/author/portia-doubleday/) > [You can have a career and kids who love you. But you have to nurture yourself and find a way to be fulfilled so…](https://sms4smile.com/quotes/catherine-reitman/you-can-have-a-career-and-kids-who-love-you-but-you-have-to-nurture/) [Catherine Reitman](https://sms4smile.com/quotes/author/catherine-reitman/) > [As for doing good; that is one of the professions which is full. Moreover I have tried it fairly and, strange as it may…](https://sms4smile.com/quotes/henry-david-thoreau/as-for-doing-good-that-is-one-of-the-professions-which-is-full/) [Henry David Thoreau](https://sms4smile.com/quotes/author/henry-david-thoreau/) > [Even though I'm already successful and have a career, it is always good to have your eggs in more than one basket.](https://sms4smile.com/quotes/farrah-abraham/even-though-i-m-already-successful-and-have-a-career-it-is-always/) [Farrah Abraham](https://sms4smile.com/quotes/author/farrah-abraham/) [Browse all 11,387 Career quotes ](https://sms4smile.com/quotes/about/career/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "My favourite holdings are Vanguard's Wellington Fund, a balanced mutual fund which is a legacy investment from my first career at Wellington Management Co., and the Vanguard 500 Index Fund.", "creator": { "@type": "Person", "name": "John C. Bogle" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/john-c-bogle/my-favourite-holdings-are-vanguard-s-wellington-fund-a-balanced/", "about": { "@type": "Thing", "name": "Career" }, "@id": "https://sms4smile.com/quotes/john-c-bogle/my-favourite-holdings-are-vanguard-s-wellington-fund-a-balanced/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/edf/john-c-bogle-2199_career_my-favourite-holdings-are-vanguard-s-wel_2083069.jpg", "contentUrl": "https://sms4smile.com/quotes/i/edf/john-c-bogle-2199_career_my-favourite-holdings-are-vanguard-s-wel_2083069.jpg", "url": "https://sms4smile.com/quotes/i/edf/john-c-bogle-2199_career_my-favourite-holdings-are-vanguard-s-wel_2083069.jpg", "width": 1080, "height": 1080, "caption": "“My favourite holdings are Vanguard's Wellington Fund, a balanced mutual fund which is a legacy investment…” — John C. Bogle", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "John C. Bogle", "item": "https://sms4smile.com/quotes/author/john-c-bogle/" }, { "@type": "ListItem", "position": 4, "name": "My favourite holdings are Vanguard's Wellington...", "item": "https://sms4smile.com/quotes/john-c-bogle/my-favourite-holdings-are-vanguard-s-wellington-fund-a-balanced/" } ], "@id": "https://sms4smile.com/quotes/john-c-bogle/my-favourite-holdings-are-vanguard-s-wellington-fund-a-balanced/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```