I am a big fan of Vanguard, for reasons that do not to be listed for those here. On the other hand, my investment philosophy dictates that I not place all my eggs in any one basket. In this case I am not comfortable placing all my liquid assets with one firm, even one as great as Vanguard and even when invested there in several very low cost index funds. I know many people here likely feel differently as many do feel it is OK to trust one company. For this reason though I still keep different pots. I may pay slightly higher costs this way, but not much, and it takes no additional time on my end to manage.
I have read the section on the Wiki that discusses this, and Mel Lindauer's good 2008 post here viewtopic.php?p=148439#148439
, as well as the good points brought up by craigr here viewtopic.php?f=10&t=95719
. However, strange things can and do happen, and with a single firm being your interface with your liquid wealth...with no SIPC applicable as discussed here...http://www.obliviousinvestor.com/is-it- ... companies/
My philosophy has been to set things up simply, but to ensure my lifestyle would not be radically altered if one source (i.e. pension, or mutual fund manager) tanks or gets eliminated by graft or corruption, cyber intrusion, or something that hasn't been thought of yet.
I am curious what percentage feel it is OK to place everything in one place, perhaps preferring simplicity over 'eggs in one basket' concerns, thus the poll and the topic bump.
Truth and clarity are important in all things...