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Vanguard tops $2 trillion in size
Old 01-14-2013, 03:05 PM   #1
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Vanguard tops $2 trillion in size

Nice article on the history of success by Vanguard, reaching $2 trillion in assets:

Quote:
At $2 trillion in assets — and if you included the company’s foreign assets, the company is widely estimated to be at or beyond $3 trillion total — Vanguard’s domestic economy is roughly the size of Italy’s gross domestic product. There are only 10 nations on the globe with a GDP that large.

Vanguard started as an anomaly at a time when the primary concept in the investment world was “pay the man and hope that he’ll make you money.” While the firm opened in 1975 with broker-sold products, it quickly became a pure no-load mutual fund company, where virtually all of the money individuals gave it to put into the market actually arrived there, unscathed by fees.

In 1976, company founder Jack Bogle opened the first index fund, and an investment philosophy focused on low-cost, passive investing had the firm ridiculed by some as an outfit for “do-it-yourselfers,” as if investing on your own was somehow a bad thing. Even with its actively managed products — where managers make allocation decisions rather than basing everything on the structure of an underlying index — Vanguard managed to keep costs low, secure in the knowledge that returns are never guaranteed, but costs always come directly out of investors’ pockets.

For decades, however, investors didn’t get it, perhaps pushed in the wrong direction by the vested interests of those selling more-expensive products or pushing different, less-shareholder-friendly agendas.

They get it now; $2 trillion doesn’t lie.

Neither does the fact that McNabb noted that investors entrusted more to Vanguard in 2012 than ever before, at a time when most investors didn’t want to entrust their money to any financial firm, and especially any fund investing in stocks.
How Vanguard amassed $2 trillion - MarketWatch
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Old 01-14-2013, 03:17 PM   #2
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Vanguard tops $2 trillion in size

Ahh ha...I knew my sweep would push them over...
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Old 01-14-2013, 06:24 PM   #3
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Ahh ha...I knew my sweep would push them over...
Hey, you stole my line! We just opened account at the beginning of this month, and I was going to take all the credit!
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Old 01-14-2013, 08:47 PM   #4
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I hope Vanguard isn't the next financial bubble! Or another ponzi scheme...
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Old 01-14-2013, 09:52 PM   #5
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I hope Vanguard isn't the next financial bubble! Or another ponzi scheme...
If Vanguard is a ponzi scheme, I'll take my Alpo with ketchup.
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Old 01-15-2013, 07:05 AM   #6
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I hope Vanguard isn't the next financial bubble! Or another ponzi scheme...
Too big to fail, at the very least....
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Old 01-17-2013, 08:22 PM   #7
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Now I'm scarred....

Just talked today with a Vanguard Flagship rep. DH is leaving mega corp at he end of the month and I am seriously looking at rolling the 401k over to Vanguard. I always get nervous when I think I am running with the herd.
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Old 01-17-2013, 08:23 PM   #8
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Now I'm scarred....

Just talked today with a Vanguard Flagship rep. DH is leaving mega corp at he end of the month and I am seriously looking at rolling the 401k over to Vanguard. I always get nervous when I think I am running with the herd.
You can always call Ameriprise...
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Old 01-18-2013, 10:10 AM   #9
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OK so maybe the herd might have the right idea.http://www.early-retirement.org/foru...ilies/grin.gif
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