Index we Trust - The Economist on Vanguard

[Koogie]

There as an interesting piece in last weeks Economist about Vanguard.

Index we trust
The Economist - World News, Politics, Economics, Business & Finance ... p-index-we

Mostly a general synopsis of its history and structure but some of the statistics about its current inflows and clout were very interesting:

"One dollar in every five invested in mutual or exchange-traded funds (ETFs) in America now goes to Vanguard, as does one in every two invested in passive, index-tracking funds, according to Morningstar, a data provider." (emphasis mine)

It seems Vanguard is now one of the 400 pound gorillas. Thankfully they are still on the side of the little guy.

[Katiek]

Thanks for the link!

[Totoro]

Meanwhile my broker wants to charge me 0.15% of my vanguard funds simply to hold em for me.

Time to switch brokers ..

[Totoro]

Quote:

“We were conceived in hell and born in strife,” Mr Bogle recalls.

No good deed goes unpunished.

[UpAnchor]

Quote:

Originally Posted by Koogie It seems Vanguard is now one of the 400 pound gorillas. Thankfully they are still on the side of the little guy.

Hope they don't end up a 400 pound target...

[MRG]

Quote:

Originally Posted by UpAnchor Hope they don't end up a 400 pound target...

They've been a target since they launched the first index fund.

[travelover]

Quote:

Originally Posted by Totoro Meanwhile my broker wants to charge me 0.15% of my vanguard funds simply to hold em for me. Time to switch brokers ..

Vanguard will NOT send you a birthday card.