INVESTMENT PLANNING

Reduced Cost And Acting In Your Best Interests

Pat Leahy, Certified Financial Planner

Good morning,

Welcome to the latest edition of Infinity Financial Planning newsletter.

An Homage to John “Jack” Bogle

In this month’s update we simply want to take a moment and honour the life of an investment giant who has positively impacted the lives of millions of investors.

On 16th January, Vanguard founder John “Jack” Bogle, passed away at age 89 in his home in Pennsylvania.

If you search the Internet for “Bogle” or browse any news source you’ll soon be immersed in a universal outpouring of respect for the man. Rightfully so. His lifetime commitment to opening the doors of Wall Street and tearing down its long standing traditions is unmatched.

Throughout his career he was ridiculed by others in his industry and the establishment, for his consistent approach of looking after the client first and believing that this will result in his business being successful. The Vanguard Group now manages $5.1 trillion, making it one of the largest asset managers in the world.

Clients have given Vanguard business for the following reasons:
* His focus on reducing costs for investors.
* He insisted on being a fiduciary, in other words acting in his client’s best interests,
* The Vanguard approach does not involve hyperactive and costly trades,
* His aim was to provide transparent financial care.

These reasons may seem obvious today, but it was largely Bogle who conceived them all. Within Wall Street and the investment fund industry he was ridiculed for doing so. He did not care; he spoke up anyway, every chance he got.

Bogle’s legacy makes that abundantly clear. Day by day, year after year, his consistent approach was to ‘stay the course’ through good and bad times.

Here at Infinity Financial Planning we are signed up members of Jack Bogle’s approach. We aim to provide clarity, confidence and control through a personalised ‘master financial plan’. We will continue to help you build the plan, fund the plan, and most importantly ‘stay the course’.

As always do not hesitate to contact Infinity Financial Planning with any questions or queries that you may have by emailing pat.leahy@infinityfinancial.ie

Kind regards,

Pat Leahy

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