In terms of asset allocations, Bogle advises that individuals have a 60 percent to 40 percent stock-to-bond ratio.
“If you’re younger, a lot higher, if you’re older … somewhat lower,” he told “Power Lunch.”
U.S. Treasury yields were all higher Wednesday. The 10-year yield, which moves inversely to the bond’s price, climbed to 1.8364 percent, after closing at 1.777 percent on Tuesday.
For risk averse investors who may not want to invest mostly in stocks, Boggle suggests that they look very, very long term.
“In the long term, stocks are going to do better than bonds, almost inevitably,” he said Wednesday.
— CNBC’s Jenny Cosgrave and Christopher Hayes contributed to this story.