While a chorus of market experts is telling investors to look outside of the U.S. for big returns, at least one loud voice is singing a very different tune — Vanguard founder Jack Bogle.

The 88-year-old investor, who started the first index fund in 1976, said that he’s fully invested in U.S. securities, with stocks and bonds having an equal share of his portfolio. And of course, it’s all indexed.

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