4 ms·
I mean, look at what Fidelity is doing with FZROX and FZILX. Both Vanguard and Fidelity are locked in a crazy fee war [1] to be the GOAT of asset management com
by orojackson 8y ago
I mean, look at what Fidelity is doing with FZROX and FZILX. Both Vanguard and Fidelity are locked in a crazy fee war [1] to be the GOAT of asset management companies [2]. How the hell do you compete with Fidelity as an individual stock picker when there are no fees to speak of to participate in this fund?
I've seen people mentioning that HFT can totally and consistently beat indexes [3], but then a) can I even get in on the action with less than $1000 and b) is the automated system in place any good?
[1] https://riabiz.com/a/2018/12/13/vanguards-asset-machine-wobbles-under-abby-johnsons-withering-pricing-assault-but-fidelitys-new-cost-cutting-front-aimed-at-advisors-is-proving-more-lethal-for-blackrock https://riabiz.com/a/2018/12/13/vanguards-asset-machine-wobb...
[2] https://news.ycombinator.com/item?id=18701283 https://news.ycombinator.com/item?id=18701283
[3] https://news.ycombinator.com/item?id=19228699 https://news.ycombinator.com/item?id=19228699