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Most are going down only 1 basis point. Not sure why it's generating this level of media coverage ... it's a non-issue for most people who wouldn't even notice.
Maybe they could keep the fees the same and have a functioning website and good customer service.
My thought too.
I’m thinking if this gets enough positive PR in the press it will encourage more retail investors to plow more money into VOO. Just what we need! Pedal to the metal!
Most are going down only 1 basis point. Not sure why it's generating this level of media coverage ... it's a non-issue for most people who wouldn't even notice.
Yup. The media needs something to rant about on an otherwise slow day I guess. VG’s move reminds me of the “Razzle Dazzle” act in Chicago. A marvelous performance. If anyone cares to watch I’ve linked it below. Half-dozen different lines could apply to VG’s situation.
View Here (Funky video. Seems to work best if you first tap on the screen expander button in the lower right of the frame.)
Most are going down only 1 basis point. Not sure why it's generating this level of media coverage ... it's a non-issue for most people who wouldn't even notice.
Headline: Vanguard drop it's fees 50%
- that's the kinda hype going from 1.5 basis point to 1 basis point creates... not much in your pocket, but it's a 50% savings!
never could envision a day when van primecap would be begging for flows AND dropping fees. it's not just their mag7 underweight (which i applaud as it speaks more to risk consistency), but refusal to see the superior tax trading structure of etfs for a very long time.
of course mass mkt would expect even lower fees w/etf, but its not really indexers they will attract.
Comments
I’m thinking if this gets enough positive PR in the press it will encourage more retail investors to plow more money into VOO. Just what we need! Pedal to the metal!
rather than lowering expense ratios a couple of bps.
View Here (Funky video. Seems to work best if you first tap on the screen expander button in the lower right of the frame.)
Vanguard drop it's fees 50%
- that's the kinda hype going from 1.5 basis point to 1 basis point creates... not much in your pocket, but it's a 50% savings!
never could envision a day when van primecap would be begging for flows AND dropping fees.
it's not just their mag7 underweight (which i applaud as it speaks more to risk consistency), but refusal to see the superior tax trading structure of etfs for a very long time.
of course mass mkt would expect even lower fees w/etf, but its not really indexers they will attract.