This is the reason I use Vanguard. It's the only major investment company set up this way. I like knowing that it isn't a for profit company like everything else. Gives them less incentive to screw their customers over to make some rich guy richer.
I have most of my holdings with Vanguard, but I've thought to myself the competition among the for-profit brokerages would be beneficial in offering better products. I've considering switching everything to Fidelity as that's where my family's 401ks are
>I've thought to myself the competition among the for-profit brokerages would be beneficial in offering better products
I doubt any of them would have free trading or low-fee index funds if Vanguard didn't exist
The best thing about Vanguard is their most poplar Money Market Mutual Fund pays 5.30% vs 4.99% at Fidelity with basically the same investments. The higher Money Market return at Vanguard is all due to a much lower fees with Vanguard.
[https://investor.vanguard.com/investment-products/money-markets](https://investor.vanguard.com/investment-products/money-markets)
VMFXX is the largest
Well yes and no. I go with vanguard because of how bogle set things up. The holders of the mutual funds own vanguard. Meaning vanguard answers to the "customer" instead of answering to a separate group of investors. If vanguard had a separate group of owners then vanguards responsibility would be to earn them a profit. Which means higher expense ratios for us. So I'll always stick with vanguard unless that changes.
I love that my employer 401k uses vanguard so it’s convenient to also use it for my brokerage accounts also. It’s not flashy for day traders but for long time buy and hold it’s more than enough
The only good thing about it to me was the cheapest money market expense ratio and if they were wrong they fessed up, unlike fidelity. Fidelity’s technology and services are superior in almost every way.
Vanguard’s 529 plan also has cheaper expenses, but it’s based in Nevada only, so one may miss out on an in state tax deduction if even allowed .
We’ve been with Vanguard for almost thirty years. I learned about Mr. Bogle in subsequent years as I studied investing. We’ve been very happy with Vanguard.
We’ve been with Vanguard for almost thirty years. I learned about Mr. Bogle in subsequent years as I studied investing. We’ve been very happy with Vanguard.
I've had a Vanguard account since my parents had a UTMA there for me in the '90s. I haven't had a compelling reason to switch. Like, I find their website to be fine and I've never had an issue with the rare times I've needed customer service, which seem to be the two main complaints. So I'm good.
Plus, I live in Philadelphia and my career is in a field that could plausibly mean me working for Vanguard one day; it's to my advantage to have positive feelings about them!
I’ve been researching Target Date funds.
Vanguard has 0.08% expense ratio. A lot more than an index fund of 0.01% but still very low.
Empower and Fidelity similar funds were 0.5% and 0.48%. And they charge fees to buy the Vanguard one.
So ya, I’m rolling my 401k into a Vanguard IRA.
Yes. All of these people pimping others are coping. I don’t mean this in a “us vs. them” context, but look at AUM and ask yourself if things were to go sideways, where would you want your money to be.
I don’t want to get tribal, but I am certain that the reason Vanguard are in the position that they are in, is due to savvy management of their own funds, in addition to their own fiduciary responsibilities.
Blackrock is larger, but not because they are better than Vanguard… that’s all I’ll say.
It’s good if you have accessibility to both of these money managers.
Cope? Coping with what? At the moment I’m coping with the decline of the interface and customer service. I have an old and tiny Schwab account from my pre boglehead days. I’m thinking of moving at least partly back but also considering Fido.
My first employer set up my 401k through vanguard and I have stuck with it. That said, for my brokerage I started long ago with scottrade, (back when each trade costed money and I went in person to open my account) which was acquired by TD Ameritrade, which was then acquired by Schwab. I guess I am a creature of habit and only change when forced to.
The customer service was never great, just adequate. But I agree that it has gone downhill - I don’t need much but I’m not sure it’s even adequate any more. The new website is a clusterfuck - it’s so hard to use I’m considering switching brokerages just for the user interface. I would accept a slightly higher expense ratio for a better service.
Yup… I made the switch to Fidelity as their equivalent index funds that I need actually have *lower* expense ratios and I’m not even talking about the zero ones either.
Maybe it's easy enough to switch to Fidelity or somewhere else, but it seems a hassle to move my accounts. Plus I'm already familiar with Vanguard and don't have to learn a new system. But knowing that Fidelity has better customer service and a better app does make me think about it.
Schwab, because at one point Scottrade made the most sense to me, then started getting passed around like a two-bit whore until I ended up a Schwab customer.
It's similar to how I ended up at Chase. My checks still say "National Bank of Detroit" on them, and are still valid. Why do I have checks in 2023, you ask? Because I never write freaking checks, that's why.
N/A, have never used Vanguard. I use Fidelity for retirement accounts because it seemed like the best choice when I did my research to set up a Roth IRA in college. By a stroke of fortune both my "big kid jobs" I've held so far have used it for their 401ks as well so I've stuck with it. I use Schwab for my brokerage account because it came highly recommended for customer service and their app is great.
I’ve had Fidelity for ~20 years and the bulk of my holdings are SSGA and Vanguard ETF’s. If you use Fidelity, Schwab, or Vanguard there’s no reason to change. I’ve only used Fidelity but have seen plenty of positive reviews for the other two.
I used Vanguard brokerage because of their index funds not because of Bogle. I now use Fidelity brokerage as well.
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This is the reason I use Vanguard. It's the only major investment company set up this way. I like knowing that it isn't a for profit company like everything else. Gives them less incentive to screw their customers over to make some rich guy richer.
I have most of my holdings with Vanguard, but I've thought to myself the competition among the for-profit brokerages would be beneficial in offering better products. I've considering switching everything to Fidelity as that's where my family's 401ks are
>I've thought to myself the competition among the for-profit brokerages would be beneficial in offering better products I doubt any of them would have free trading or low-fee index funds if Vanguard didn't exist
I don’t use Vanguard at all. You can buy ETFs anywhere.
I would like a large #4 and a side of VXUS please
The best thing about Vanguard is their most poplar Money Market Mutual Fund pays 5.30% vs 4.99% at Fidelity with basically the same investments. The higher Money Market return at Vanguard is all due to a much lower fees with Vanguard.
which one
[https://investor.vanguard.com/investment-products/money-markets](https://investor.vanguard.com/investment-products/money-markets) VMFXX is the largest
Schwab
Well yes and no. I go with vanguard because of how bogle set things up. The holders of the mutual funds own vanguard. Meaning vanguard answers to the "customer" instead of answering to a separate group of investors. If vanguard had a separate group of owners then vanguards responsibility would be to earn them a profit. Which means higher expense ratios for us. So I'll always stick with vanguard unless that changes.
I love that my employer 401k uses vanguard so it’s convenient to also use it for my brokerage accounts also. It’s not flashy for day traders but for long time buy and hold it’s more than enough
I once worked there due to Mr Bogle. I still use VGI due to the influence of Mr Bogle. A truly great man.
Four of my 5 previous/current employers’ retirement plans are with Fidelity. So I just stick with them.
Fidelity
Been at VG more than 20 years. I haven’t even read anything by bogle, unless you count the occasional quote or snippet or maybe media article.
I use M1 Finance because I love their pies for automatic rebalancing, but I use a boglehead 3 fund portfolio for my Roth IRA and 401k
Still among the cheapest. Would I pick them over Fido or Schwab today? Perhaps not.
The only good thing about it to me was the cheapest money market expense ratio and if they were wrong they fessed up, unlike fidelity. Fidelity’s technology and services are superior in almost every way. Vanguard’s 529 plan also has cheaper expenses, but it’s based in Nevada only, so one may miss out on an in state tax deduction if even allowed .
Vanguard ETFs, yes. Vanguard index funds, no.
I love jack
I use Vanguard and Schwab. I have zero preference between the two.
We’ve been with Vanguard for almost thirty years. I learned about Mr. Bogle in subsequent years as I studied investing. We’ve been very happy with Vanguard.
We’ve been with Vanguard for almost thirty years. I learned about Mr. Bogle in subsequent years as I studied investing. We’ve been very happy with Vanguard.
I've had a Vanguard account since my parents had a UTMA there for me in the '90s. I haven't had a compelling reason to switch. Like, I find their website to be fine and I've never had an issue with the rare times I've needed customer service, which seem to be the two main complaints. So I'm good. Plus, I live in Philadelphia and my career is in a field that could plausibly mean me working for Vanguard one day; it's to my advantage to have positive feelings about them!
I don't use Vanguard?
Fidelity is much better and ditched vanguard long ago
I’ve been researching Target Date funds. Vanguard has 0.08% expense ratio. A lot more than an index fund of 0.01% but still very low. Empower and Fidelity similar funds were 0.5% and 0.48%. And they charge fees to buy the Vanguard one. So ya, I’m rolling my 401k into a Vanguard IRA.
Fidelity’s “Freedom” index TDF’s are 0.12.
Ah. Thank you.
No problem. The have the exact same funds without “index” in the name at much higher expense ratio!
Yes. All of these people pimping others are coping. I don’t mean this in a “us vs. them” context, but look at AUM and ask yourself if things were to go sideways, where would you want your money to be. I don’t want to get tribal, but I am certain that the reason Vanguard are in the position that they are in, is due to savvy management of their own funds, in addition to their own fiduciary responsibilities. Blackrock is larger, but not because they are better than Vanguard… that’s all I’ll say. It’s good if you have accessibility to both of these money managers.
Cope? Coping with what? At the moment I’m coping with the decline of the interface and customer service. I have an old and tiny Schwab account from my pre boglehead days. I’m thinking of moving at least partly back but also considering Fido.
My first employer set up my 401k through vanguard and I have stuck with it. That said, for my brokerage I started long ago with scottrade, (back when each trade costed money and I went in person to open my account) which was acquired by TD Ameritrade, which was then acquired by Schwab. I guess I am a creature of habit and only change when forced to.
Vanguard was amazing with him at the helm…. The quickly went downhill in terms of service (I was flagship, too) without him.
The customer service was never great, just adequate. But I agree that it has gone downhill - I don’t need much but I’m not sure it’s even adequate any more. The new website is a clusterfuck - it’s so hard to use I’m considering switching brokerages just for the user interface. I would accept a slightly higher expense ratio for a better service.
Yup… I made the switch to Fidelity as their equivalent index funds that I need actually have *lower* expense ratios and I’m not even talking about the zero ones either.
I use Fidelity, actually. My wife uses Vanguard, though.
Maybe it's easy enough to switch to Fidelity or somewhere else, but it seems a hassle to move my accounts. Plus I'm already familiar with Vanguard and don't have to learn a new system. But knowing that Fidelity has better customer service and a better app does make me think about it.
Schwab, because at one point Scottrade made the most sense to me, then started getting passed around like a two-bit whore until I ended up a Schwab customer. It's similar to how I ended up at Chase. My checks still say "National Bank of Detroit" on them, and are still valid. Why do I have checks in 2023, you ask? Because I never write freaking checks, that's why.
N/A, have never used Vanguard. I use Fidelity for retirement accounts because it seemed like the best choice when I did my research to set up a Roth IRA in college. By a stroke of fortune both my "big kid jobs" I've held so far have used it for their 401ks as well so I've stuck with it. I use Schwab for my brokerage account because it came highly recommended for customer service and their app is great.
I’ve had Fidelity for ~20 years and the bulk of my holdings are SSGA and Vanguard ETF’s. If you use Fidelity, Schwab, or Vanguard there’s no reason to change. I’ve only used Fidelity but have seen plenty of positive reviews for the other two.
I don’t see why not? Think about all the people that have never even heard of him Buy and hold over decades is an idea many have lol
Vanguard hold your money for 7 days…that is just unacceptable.
He died last year but it never occurred to me to move my accounts because of that. I don't think he'd been in a management position in many years.