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Not Surprised, but Good to Know
Old 08-30-2016, 01:19 PM   #1
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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!
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Old 08-30-2016, 01:20 PM   #2
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Perhaps a short summary or snippet so we know what the link is about?
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Old 08-30-2016, 01:23 PM   #3
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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.
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Old 08-30-2016, 01:25 PM   #4
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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.
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Old 08-30-2016, 01:33 PM   #5
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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.
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Old 08-30-2016, 01:54 PM   #6
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Yep. Jack Bogle deserves a Medal of Freedom, no doubt.
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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.
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Old 08-30-2016, 02:18 PM   #7
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Here's the link to that $1M bet...
Why Warren Buffett Is Winning His $1 Million Bet Against Hedge Funds
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Old 08-30-2016, 02:19 PM   #8
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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.
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Old 08-30-2016, 03:47 PM   #9
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Just so you know, Fidelity has many equally low fees to be competitive.
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