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Uber is offering its subscription service for half-off

If you’re a frequent Uber user, odds are you’ve heard of Uber Pass. Much like Lyft Pink, the subscription service offers discounted rides and free food delivery for a monthly fee. Since launching in 2018, the program expanded to more than 200 cities across the U.S., including New York City, Seattle, Portland, St. Louis, Honolulu, …

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‘Perfection in Every Way’: $18M Modern Mansion in San Francisco

A new listing in San Francisco’s Cow Hollow neighborhood has turned heads for its unique design, both inside and out. It’s now available for $18 million.

The post ‘Perfection in Every Way’: $18M Modern Mansion in San Francisco appeared first on Real Estate News & Insights | realtor.com®.

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‘CBS Sunday Morning’ Host Jane Pauley Sells Hudson River Retreat for $6.3M

“CBS Sunday Morning” host Jane Pauley has sold her Palisades, NY, retreat for $6.3 million. She and her husband, Gary Trudeau, bought it for $2.3 million.

The post ‘CBS Sunday Morning’ Host Jane Pauley Sells Hudson River Retreat for $6.3M appeared first on Real Estate News & Insights | realtor.com®.

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Consumer Spending Habits Are Changing — What to Know

The COVID-19 pandemic has been the biggest overnight financial shakeup in our country’s history. Its effects will be felt for years into the future, if not permanently. On the economic front, it’s caused a huge change in consumer spending, largely due to how people’s income and living/working patterns have shifted.  How Income Is Changing According […]

The post Consumer Spending Habits Are Changing — What to Know appeared first on Good Financial Cents®.

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Trophy Apartment Once Owned by Composer Leonard Bernstein Asks $29.5 Million

An Upper East Side apartment that was once home to one of the most significant American cultural personalities of the 20th century has recently hit the market. The Art Deco masterpiece at 895 Park Avenue was previously owned by famed composer and cultural icon Leonard Bernstein, whom music critics refer to as “one of the most […] More

The post Trophy Apartment Once Owned by Composer Leonard Bernstein Asks $29.5 Million appeared first on Fancy Pants Homes.

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The Average Salary of a Pilot

The job of an airline pilot has a certain glamour to it. However, unconventional working hours and plenty of time away from home can be a recipe for stress and burnout. This could be why airline and commercial pilots are … Continue reading →

The post The Average Salary of a Pilot appeared first on SmartAsset Blog.

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How To Find an Apartment in the Age of Coronavirus: A Guide for a Virtual Rental Search

Stay-at-home orders have made finding a new apartment difficult. But you can still successfully locate and tour an apartment under quarantine. Here’s how.

The post How To Find an Apartment in the Age of Coronavirus: A Guide for a Virtual Rental Search appeared first on Real Estate News & Insights | realtor.com®.

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Zillow predicts a stronger housing market in 2021

Zillow has said that it expects the for-sale housing market to gain even more strength in 2021 following an incredible run that came in the wake of the coronavirus pandemic. Zillow said in its 2021 housing predictions that demand is continuing to grow as we enter the new year, and that this will likely surge […]

The post Zillow predicts a stronger housing market in 2021 appeared first on RealtyBizNews: Real Estate News.

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Who invented the index fund? A brief (true) history of index funds

Pop quiz! If I asked you, “Who invented the index fund?” what would your answer be? I’ll bet most of you don’t know and don’t care. But those who do care would probably answer, “John Bogle, founder of The Vanguard Group.” And that’s what I would have answered too until a few weeks ago.

But, it turns out, this answer is false.

Yes, Bogle founded the first publicly-available index fund. And yes, Bogle is responsible for popularizing and promoting index funds as the “common sense” investment answer for the average person. For this, he deserves much praise.

But Bogle did not invent index funds. In fact, for a long time he was opposed to the very idea of them!

John Bogle did not invent index funds

Recently, while writing the investing lesson for my upcoming Audible course about the basics of financial independence, I found myself deep down a rabbit hole. What started as a simple Google search to verify that Bogle was indeed the creator of index funds led me to a “secret history” of which I’d been completely unaware.

In this article, I’ve done my best to assemble the bits and pieces I discovered while tracking down the origins of index funds. I’m sure I’ve made some mistakes here. (If you spot an error or know of additional info that should be included, drop me a line.)

Here then, is a brief history of index funds.