"15 Things You Didn't Know About Vanguard Group"

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Taylor Larimore
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"15 Things You Didn't Know About Vanguard Group"

Post by Taylor Larimore » Sun Jul 08, 2018 9:26 am

Bogleheads:

Interesting video showing the inner-workings of Vanguard and how Jack Bogle has saved trillions of dollars for investors.

15 Things You Didn't Know About Vanguard Group

Best wishes
Taylor
"Simplicity is the master key to financial success." -- Jack Bogle

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nedsaid
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Re: "15 Things You Didn't Know About Vanguard Group"

Post by nedsaid » Sun Jul 08, 2018 9:36 am

Well, one thing I know for sure. Vanguard does not have over $600 Trillion of assets under management. Last I looked, it was more like $4.5 Trillion, mere peanuts I suppose.
A fool and his money are good for business.

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nedsaid
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Re: "15 Things You Didn't Know About Vanguard Group"

Post by nedsaid » Sun Jul 08, 2018 9:42 am

Nice plug though for the Bogleheads, the Bogleheads conference, and the King of the Bogleheads Taylor Larimore.
A fool and his money are good for business.

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JPH
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Re: "15 Things You Didn't Know About Vanguard Group"

Post by JPH » Sun Jul 08, 2018 11:22 am

At 5:44 is that Warren Buffett enjoying himself at the Bogleheads conference?
While the moments do summersaults into eternity | Cling to their coattails and beg them to stay - Townes Van Zandt

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Whiggish Boffin
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Re: "15 Things You Didn't Know About Vanguard Group"

Post by Whiggish Boffin » Mon Jul 09, 2018 1:32 am

Whoa! At 5:04, that's me!

Howard Donnelly
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Re: "15 Things You Didn't Know About Vanguard Group"

Post by Howard Donnelly » Mon Jul 09, 2018 12:56 pm

nedsaid wrote:
Sun Jul 08, 2018 9:42 am
Nice plug though for the Bogleheads, the Bogleheads conference, and the King of the Bogleheads Taylor Larimore.
+1

bondsr4me
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Re: "15 Things You Didn't Know About Vanguard Group"

Post by bondsr4me » Mon Jul 09, 2018 1:41 pm

Taylor Larimore wrote:
Sun Jul 08, 2018 9:26 am
Bogleheads:

Interesting video showing the inner-workings of Vanguard and how Jack Bogle has saved trillions of dollars for investors.

15 Things You Didn't Know About Vanguard Group

Best wishes
Taylor
Taylor
Thank You for the link.
Vanguard and Jack Bogle are the best.
He has done more for the individual investor than anyone in the history of the business.
Sail on Good Ship Vanguard, Jack Bogle, Taylor and ALL Bogleheads
Have a great week,
Don

Freefun
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Re: "15 Things You Didn't Know About Vanguard Group"

Post by Freefun » Mon Jul 09, 2018 3:48 pm

nedsaid wrote:
Sun Jul 08, 2018 9:36 am
Well, one thing I know for sure. Vanguard does not have over $600 Trillion of assets under management. Last I looked, it was more like $4.5 Trillion, mere peanuts I suppose.
That video accidentally included my own holdings with Vanguard of 595.5 Trillion.

I'm still worried about retiring with enough money.

Great video - thanks for sharing.
Last edited by Freefun on Mon Jul 09, 2018 3:51 pm, edited 1 time in total.
Remember when you wanted what you currently have?

Freefun
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Re: "15 Things You Didn't Know About Vanguard Group"

Post by Freefun » Mon Jul 09, 2018 3:49 pm

Duplicate post.
Remember when you wanted what you currently have?

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Re: "15 Things You Didn't Know About Vanguard Group"

Post by alpine_boglehead » Mon Jul 09, 2018 4:29 pm

(part of) #5:In 2017, 9 out of every 10 dollars invested in the United States went through Vanguard
Can this be right? Only 10% of people using individual stocks or bonds, Fidelity, Schwab, Blackrock (including iShares) etc. for their new investments?

xjz
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Re: "15 Things You Didn't Know About Vanguard Group"

Post by xjz » Tue Jul 10, 2018 12:33 am

alpine_boglehead wrote:
Mon Jul 09, 2018 4:29 pm
(part of) #5:In 2017, 9 out of every 10 dollars invested in the United States went through Vanguard
Can this be right? Only 10% of people using individual stocks or bonds, Fidelity, Schwab, Blackrock (including iShares) etc. for their new investments?
For what it's worth, searching for the quote online led me to this excerpt from a NYTimes article:
The money simply flows into index funds and E.T.F.s, and through February of [2017], nine out of every 10 dollars invested in a United States mutual fund or E.T.F. was absorbed by Vanguard.
The video's claim is incorrectly broad.

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Re: "15 Things You Didn't Know About Vanguard Group"

Post by alpine_boglehead » Tue Jul 10, 2018 1:34 pm

xjz wrote:
Tue Jul 10, 2018 12:33 am
alpine_boglehead wrote:
Mon Jul 09, 2018 4:29 pm
(part of) #5:In 2017, 9 out of every 10 dollars invested in the United States went through Vanguard
Can this be right? Only 10% of people using individual stocks or bonds, Fidelity, Schwab, Blackrock (including iShares) etc. for their new investments?
For what it's worth, searching for the quote online led me to this excerpt from a NYTimes article:
The money simply flows into index funds and E.T.F.s, and through February of [2017], nine out of every 10 dollars invested in a United States mutual fund or E.T.F. was absorbed by Vanguard.
The video's claim is incorrectly broad.
Thanks very much for researching that. Yet, that number is still mind-boggling.

kaeltor
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Re: "15 Things You Didn't Know About Vanguard Group"

Post by kaeltor » Tue Jul 10, 2018 4:27 pm

Freefun wrote:
Mon Jul 09, 2018 3:48 pm
nedsaid wrote:
Sun Jul 08, 2018 9:36 am
Well, one thing I know for sure. Vanguard does not have over $600 Trillion of assets under management. Last I looked, it was more like $4.5 Trillion, mere peanuts I suppose.
That video accidentally included my own holdings with Vanguard of 595.5 Trillion.

I'm still worried about retiring with enough money.

Great video - thanks for sharing.
Lol. Throw a couple million my way! You won't even feel it :beer

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House Blend
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Re: "15 Things You Didn't Know About Vanguard Group"

Post by House Blend » Wed Jul 11, 2018 8:49 am

alpine_boglehead wrote:
Tue Jul 10, 2018 1:34 pm
xjz wrote:
Tue Jul 10, 2018 12:33 am
alpine_boglehead wrote:
Mon Jul 09, 2018 4:29 pm
(part of) #5:In 2017, 9 out of every 10 dollars invested in the United States went through Vanguard
Can this be right? Only 10% of people using individual stocks or bonds, Fidelity, Schwab, Blackrock (including iShares) etc. for their new investments?
For what it's worth, searching for the quote online led me to this excerpt from a NYTimes article:
The money simply flows into index funds and E.T.F.s, and through February of [2017], nine out of every 10 dollars invested in a United States mutual fund or E.T.F. was absorbed by Vanguard.
The video's claim is incorrectly broad.
Thanks very much for researching that. Yet, that number is still mind-boggling.
Even after the correction, it's still tremendously misleading, in exactly the same way as the currently active thread on "6 stocks account for 98% of the return of the S&P500".

The problem arises from the nonsensical idea that one can assign proportions to a series of positive and negative values.

To illustrate, imagine a data series consisting of 10 values equal to 10.0, and 90 values equal to -1.0.

(Those values could be returns of individual stocks, or $billions in assets gathered by brokerages.)

The net total is +10, so any member of the top 10 accounts for 100% of the returns or assets gathered.
The NY Times wrote:In the last three calendar years, investors sank $823 billion into Vanguard funds, the company says. The scale of that inflow becomes clear when it is compared with the rest of the mutual fund industry — more than 4,000 firms in total. All of them combined took in just a net $97 billion during that period, Morningstar data shows.
In response to Mr. Landon Thomas Jr. (author of that piece), I would say that no, comparing Vanguard inflows to the rest of the fund industry combined is NOT the way to make the scale of that inflow clear. The right way to do it is to compare it with those in 2nd, 3rd, and 4th place, etc.

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