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Vanguard is owned by its investors/customers which is you.
by kiba 2y ago
Vanguard is owned by its investors/customers which is you.
- teitoklien 2y agoAnd assets in hedge funds are owned by investors, yet the shady games they play with that money… Good financial managers decide how a portfolio gets managed.
- valleyer 2y agoAt Vanguard, not only are the assets owned by the shareholders. The manager itself is owned by the funds, and therefore by the shareholders. That's not the case for a typical hedge fund.
- kgwgk 2y agoThat creates some interesting situations like charging too little: “VGI provides services to the Funds “at cost”, i.e., without charging an arm’s length profit. VGI is a C corporation and the Funds are Regulated Investment Companies (RICs) not taxable at the corporate level, so this situation results in avoidance of billions of corporate taxes.” https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2666426 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2666426
- baxtr 2y agoAligned incentives at their best.
- lr4444lr 2y agoPeople still need to make executive decisions. And frankly, I suspect a lot of Vanguard customers DID want crypto. There are greater objectives at stake, and so I am glad Vanguard held the line. I'm not utterly opposed to a possible future scenario for certain cryptocurrencies maturing into a more integral asset to the economy. But we ain't there yet, and their current volatility and novelty should not be promoted under the Vanguard reputation.