Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Not Surprised, but Good to Know
Old 08-30-2016, 02:19 PM   #1
Recycles dryer sheets
Trooper's Avatar
 
Join Date: Dec 2012
Location: Chandler, AZ
Posts: 137
Not Surprised, but Good to Know

https://www.bloomberg.com/view/artic...try-1-trillion

There's a little bit of forecasting at the end, but it's still a huge chunk of change!
__________________

__________________
Trooper is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 08-30-2016, 02:20 PM   #2
Moderator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: On the road again
Posts: 21,812
Perhaps a short summary or snippet so we know what the link is about?
__________________

__________________
MichaelB is offline   Reply With Quote
Old 08-30-2016, 02:23 PM   #3
Recycles dryer sheets
Trooper's Avatar
 
Join Date: Dec 2012
Location: Chandler, AZ
Posts: 137
Sure, and sorry. The article discusses how Vanguard's low cost funds have saved investors billions since the company's inception. It then goes on to forecast how it could get to a trillion within the next 10 years.
__________________
Trooper is offline   Reply With Quote
Old 08-30-2016, 02:25 PM   #4
Moderator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: On the road again
Posts: 21,812
Quote:
Originally Posted by Trooper View Post
Sure, and sorry. The article discusses how Vanguard's low cost funds have saved investors billions since the company's inception. It then goes on to forecast how it could get to a trillion within the next 10 years.
Thanks.
$1T in savings? That's a nice chunk of change - and will make some folk's retirement a bit easier. I wonder when the pension funds will stop wasting their time with hedge funds and come on board.
__________________
MichaelB is offline   Reply With Quote
Old 08-30-2016, 02:33 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2004
Posts: 11,069
Quote:
Originally Posted by MichaelB View Post
Thanks.
$1T in savings? That's a nice chunk of change - and will make some folk's retirement a bit easier.
Yep. To put it in perspective, the total of all US retirement savings (IRAs, DC, DB, annuities, etc) is about $20 trillion. So, Vanguard is on track to save investors an amount equivalent to about 5% of the total value of all US retirement money. Jack Bogle deserves a Medal of Freedom, no doubt.
__________________
"Freedom begins when you tell Mrs. Grundy to go fly a kite." - R. Heinlein
samclem is offline   Reply With Quote
Old 08-30-2016, 02:54 PM   #6
Recycles dryer sheets
Trooper's Avatar
 
Join Date: Dec 2012
Location: Chandler, AZ
Posts: 137
Quote:
Originally Posted by samclem View Post
Yep. Jack Bogle deserves a Medal of Freedom, no doubt.
Quote:
Originally Posted by MichaelB View Post
I wonder when the pension funds will stop wasting their time with hedge funds and come on board.
Maybe this will open their eyes...In 2008, Warren Buffet bet a hedge fund manager that he could outperform him with VFIAX over 10 years, and so far has a sizable lead. There's a lot of time (and wealth) being wasted trying to beat the market.
__________________
Trooper is offline   Reply With Quote
Old 08-30-2016, 03:18 PM   #7
Recycles dryer sheets
Trooper's Avatar
 
Join Date: Dec 2012
Location: Chandler, AZ
Posts: 137
Here's the link to that $1M bet...
Why Warren Buffett Is Winning His $1 Million Bet Against Hedge Funds
__________________
Trooper is offline   Reply With Quote
Old 08-30-2016, 03:19 PM   #8
Recycles dryer sheets
 
Join Date: Apr 2016
Location: Dutchess County
Posts: 343
Quote:
Originally Posted by MichaelB View Post
Thanks.
$1T in savings? That's a nice chunk of change - and will make some folk's retirement a bit easier. I wonder when the pension funds will stop wasting their time with hedge funds and come on board.
I believe I read somewhere that CALPERS pulled out of all hedge funds and the govt pension plan I belong to NYCERS did likewise.
__________________
Just_Steve is offline   Reply With Quote
Old 08-30-2016, 04:47 PM   #9
Thinks s/he gets paid by the post
DrRoy's Avatar
 
Join Date: Dec 2015
Location: Michigan
Posts: 1,042
Just so you know, Fidelity has many equally low fees to be competitive.
__________________

__________________
"The mountains are calling, and I must go." John Muir
DrRoy is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
I know, I know, annuity is a bad word but... Badger FIRE and Money 11 05-19-2015 05:55 PM
When was last time your Doc surprised you - in a good way? Koolau Health and Early Retirement 14 04-09-2015 11:59 AM
Why am I Not Surprised??? FinanceDude Other topics 2 03-10-2008 11:09 AM
Wife surprised me, she is now a highly compensated employee bssc FIRE and Money 13 01-08-2007 04:26 PM
Surprised the rate on your ARM increased? Sisyphus FIRE and Money 35 04-09-2006 10:05 PM

 

 
All times are GMT -6. The time now is 01:19 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.