2 ms·
It's complicated by the fact that a non-negligible portion of the funds are held in retirement accounts where potentially no taxes are paid on the returns.
by morgante 11y ago
It's complicated by the fact that a non-negligible portion of the funds are held in retirement accounts where potentially no taxes are paid on the returns.
- mirimir 11y agoFair enough. But that's why some investors prefer not-for-profit funds, no? There's nothing underhanded going on.
- morgante 11y agoI agree that there's nothing underhanded going on and Vanguard offering lower fees is a net benefit to society. That being said, I sort of see how a legalistic argument could be made.
- mirimir 11y agoIt is true that most (maybe virtually all) not-for-profits serve the general public, more or less, and not just their owners.