Vanguard's average fee is now 0.07% after biggest-ever cut
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Re: Vanguard's average fee is now 0.07% after biggest-ever cut
#2Re: Vanguard's average fee is now 0.07% after biggest-ever cut
#3Not mentioned in any of the coverage I've seen (or the interview with Vanguard's new CEO in the WSJ) is Fidelity.
Fidelity used to be known for actively managed funds, but has been eating Vanguard's indexing lunch for the past 10 years or so. Part of this relates to its dominance in workplace accounts, but Vanguard hasn't helped itself with some bad customer-facing software updates and a perception that its service levels are poor compared to Fidelity.
Cutting fees helps, but Fidelity has shown its willing to do this, too, including no fee "Zero" index funds: https://www.fidelity.com/mutual-funds/investing-ideas/index-... (note Fidelity is very clear about who it's competing with)
Re: Vanguard's average fee is now 0.07% after biggest-ever cut
#4Not mentioned in any of the coverage I've seen (or the interview with Vanguard's new CEO in the WSJ) is Fidelity. Fidelity used to be known for actively managed funds, but has been eating Vanguard's indexing lunch for the past 10 years or so. Part of this relates to its dominance in workplace accounts, but Vanguard hasn't helped itself with some bad customer-facing software updates and a perception that its service l…
I started using E-trade because of this instead of transferring my vested stock to Vanguard. Already had an account so it was zero effort to convert to my usual funds as ETFs which has the bonus of being transferable between brokerages unlike mutual funds.
Re: Vanguard's average fee is now 0.07% after biggest-ever cut
#5Not mentioned in any of the coverage I've seen (or the interview with Vanguard's new CEO in the WSJ) is Fidelity. Fidelity used to be known for actively managed funds, but has been eating Vanguard's indexing lunch for the past 10 years or so. Part of this relates to its dominance in workplace accounts, but Vanguard hasn't helped itself with some bad customer-facing software updates and a perception that its service l…
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Re: Vanguard's average fee is now 0.07% after biggest-ever cut
#6Not mentioned in any of the coverage I've seen (or the interview with Vanguard's new CEO in the WSJ) is Fidelity. Fidelity used to be known for actively managed funds, but has been eating Vanguard's indexing lunch for the past 10 years or so. Part of this relates to its dominance in workplace accounts, but Vanguard hasn't helped itself with some bad customer-facing software updates and a perception that its service l…
Isn't this about the funds, rather than using Vanguard as a broker? Can't you buy Vanguard funds while on Fidelity, or vice versa?
Re: Vanguard's average fee is now 0.07% after biggest-ever cut
#7Not mentioned in any of the coverage I've seen (or the interview with Vanguard's new CEO in the WSJ) is Fidelity. Fidelity used to be known for actively managed funds, but has been eating Vanguard's indexing lunch for the past 10 years or so. Part of this relates to its dominance in workplace accounts, but Vanguard hasn't helped itself with some bad customer-facing software updates and a perception that its service l…
TBH, I trust vanguard more, even if their website is absolutely worse. There's a saying, 'if you're not the customer, you're the product'. I expect trades on those index funds are getting 'front run' much like robinhood is getting front run. You might have a lower ER but your nav might effectively be higher when buying and lower when selling.
Of course, I'm a 'buy and hold' investor so this doesn't really effect me much, but it's the principle of the matter.
Re: Vanguard's average fee is now 0.07% after biggest-ever cut
#8Article mentions their bond funds getting the most dramatic cuts — they didn't list specific symbols though.
Anyone know off the top of their heads which funds specifically? Thinking I need to move away from being so stock-heavy.
Re: Vanguard's average fee is now 0.07% after biggest-ever cut
#9I always upvote the archive link unless it is already the top comment, ha ha.
Re: Vanguard's average fee is now 0.07% after biggest-ever cut
#10Article mentions their bond funds getting the most dramatic cuts — they didn't list specific symbols though. Anyone know off the top of their heads which funds specifically? Thinking I need to move away from being so stock-heavy.
The full list is at the bottom of their press release:
https://corporate.vanguard.com/content/corporatesite/us/en/c...