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So why you want people's retirement funds to be "drawn and quartered"? Do you want all retirees to die in poverty, or just the ones who opened a Vanguard IRA ac
by klipt 3y ago
So why you want people's retirement funds to be "drawn and quartered"? Do you want all retirees to die in poverty, or just the ones who opened a Vanguard IRA account for their retirement savings instead of a Fidelity IRA account?
- samstave 3y agoWhy are you only focused on "old peoples retirement" as an aspect of what these companies have controlling % in. Just because these are the biggest funds on earth, does not make them some beautiful steward of your retirement.
- klipt 3y agoVanguard is a co-op that's owned by its funds which in turn are owned by present and future retirees. Instead of investing in individual stocks like Microsoft, Vanguard's index funds make it easy to invest in e.g. an index of all US stocks, which is less volatile. What exactly is it you find so sinister about index funds? And why do you think Vanguard (a co-op) is worse than Fidelity (a publicly traded company which also provides similar retirement index funds)? Is it just because Vanguard's funds are more popular and therefore bigger?
- samstave 3y agoJust because you making money, does not mean you're a good person, or a good company.