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As the post says, Vanguard also missed out on Internet funds in the 1990s, and they're OK with that. I am, too. Nobody puts their money in Vanguard to jump on
by sowbug 2y ago
As the post says, Vanguard also missed out on Internet funds in the 1990s, and they're OK with that.
I am, too. Nobody puts their money in Vanguard to jump on the latest thing (or in the case of Bitcoin, the latest 16-year-old thing). If you really want to speculate, move some of your money elsewhere from Vanguard.
- yieldcrv 2y ago> Nobody puts their money in Vanguard to jump on the latest thing Most people that I've met who use Vanguard did not have an objective view on finance, or their risk-profile, the concept of a risk-profile, and were completely surprised to find that they had such a handicapped custodian > If you really want to speculate, move some of your money elsewhere from Vanguard Yes, this is the solution. You would be surprised how crazy of a thought that is to people. The idea of opening another bank or broker, despite how simple it is, just blows so many people's minds and is pretty controversial or involved to them. They would prefer that Vanguard had all trading options.
- zemo 2y ago> The idea of opening another bank or broker, despite how simple it is I would wager that there are a lot of people that have money in Vanguard because Vanguard provides their employer's 401k, and their choice was "Vanguard or no 401k", not "Vanguard or something else of your choice".
- wmf 2y agoVanguard is a good choice for managing retirement funds. If you want to speculate on high-risk investments, whether doctoms or crypto or whatever, it's better to do it outside your 401k.