From todays WP, page A22: "The largest, by far, was the Oct. 1 sale of a Vanguard Stock Market Index fund valued between $1 million and $5 million."
Fed chair's critics sharpen attacks on his financial activity
I guess if the VTI is good enough for the Chairman of the Fed, it's good enough for me ! Yes, I know he sold for "family expenses", but at some point he liked it enough to buy it...
Jerome liked Vanguard Stock Market Index Fund
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Re: Jerome liked Vanguard Stock Market Index Fund
OP, I assume you know many elected officials and high-level government employees are required to file financial disclosures. To avoid influence by specific companies, they hold mutual funds or ETFs instead of individual stocks.
Since Vanguard has one of the largest selections of funds, doesn’t it make sense he would likely hold some of them?
Since Vanguard has one of the largest selections of funds, doesn’t it make sense he would likely hold some of them?
Re: Jerome liked Vanguard Stock Market Index Fund
The market, when you’re “directing” the market, is the conservative investment. Why use bonds when you know where things are headed?
Now if he sold all his vti then you ought to be worried.
On a more serious note, holding a widely diversified etf or mutual fund is precisely what high level government officials should be limited to investing in. Much better than specific company stocks where favoritism and corruption are bigger issues. Indeed these are the kinds of holdings that are an easy approval for a compliance department
Now if he sold all his vti then you ought to be worried.
On a more serious note, holding a widely diversified etf or mutual fund is precisely what high level government officials should be limited to investing in. Much better than specific company stocks where favoritism and corruption are bigger issues. Indeed these are the kinds of holdings that are an easy approval for a compliance department
Re: Jerome liked Vanguard Stock Market Index Fund
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