Not Surprised, but Good to Know

[Trooper]

https://www.bloomberg.com/view/arti...h-has-vanguard-saved-investors-try-1-trillion

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

 

[MichaelB]

Perhaps a short summary or snippet so we know what the link is about?

 

[Trooper]

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.

 

[MichaelB]

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.

 

[samclem]

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.

 

[Trooper]

Yep. Jack Bogle deserves a Medal of Freedom, no doubt.

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]

Here's the link to that $1M bet...
Why Warren Buffett Is Winning His $1 Million Bet Against Hedge Funds

 

[Just_Steve]

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.

 

[DrRoy]

Just so you know, Fidelity has many equally low fees to be competitive.