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John Clifton “Jack” Bogle was born on May 8, 1929, in Montclair, New Jersey, and passed away on January 16, 2019, at the age of 89. He was the founder of The Vanguard Group, one of the world’s largest investment companies. Bogle is credited with creating the first index fund, which revolutionized the investment industry by offering low-cost, passive investing options to individuals. He graduated magna... Read More

What is Preferred Stock? Preferred stock, sometimes referred to as preference shares or preferred shares, is a kind of corporate ownership that combines features of both bonds and common stock (also known as ordinary shares). Compared to ordinary stock, it is a class of stock that typically has a greater claim on the company’s assets and earnings. Preferred stock has a higher priority in the... Read More

What are Treasury Bonds? Treasury Bonds are debt securities issued by the government to raise funds for various public spending initiatives. A brief background into Treasury Bonds T-bonds are considered among the safest investments available, backed by the creditworthiness and taxing authority of the government. In the case of Treasury Bonds in Nigeria, they are issued by The Debt Management Office (DMO). As debt instruments, Treasury Bonds... Read More

What are Municipal Bonds? Municipal bonds are debt securities issued by state and local governments, municipalities, and the public authorities they have established. A brief background into Municipal Bonds Municipal bonds are often used to finance public projects such as hospitals, roads, schools and other infrastructure projects. They are considered relatively safe investments because the issuing government is unlikely to default on its debt. When... Read More