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Vanguard "owns" a huge chunk of everything. Vanguard runs index funds, most peoples retirements are vanguard buying small shares of an index fund representing a
by rat87 2y ago
Vanguard "owns" a huge chunk of everything. Vanguard runs index funds, most peoples retirements are vanguard buying small shares of an index fund representing all the big companies on the stock exchange
- TZubiri 2y agoAlso they simultaneously hold the ownership rights as well as equivalent owenrship liabilities, so they own shit squat in net terms (excpet maybe their management fees).
- mattkrause 2y agoIt’s even weirder than that! Vanguard has an odd corporate structure where it’s owned by the funds that it manages, so it’s effectively a co-op owned by its customers.
- _yb2s 2y agoI don’t understand why customer owned co-ops aren’t ubiquitous. Vanguard is amazing- low fees, and great services- they beat all of the competition. I had to call their support line today and it was the most professional customer service I’ve ever experienced.
- TZubiri 2y agoInteresting, that's inline with Bogle's mission for low (0%) mgmt fees. I think it probably doesn't apply to other majority holders like BlackRock though.
- fny 2y agoVanguard is everyone’s retirement account. Everytime someone buys their S&P 500 ETF, they go buy stocks.