I guess it's possible for Vanguard to collapse, but I think it unlikely in the extreme. If they were to tank, then it's a sure bet most of the others already would be in the tank.For my own investing, I can wrap my mind around this OK. I have about 25% of my assets at VG. If they fell, it'd be painful, but not devastating.It's when I'm looking at VG becoming a co-trustee and successor trustee for my kids that this becomes a tad bit unnerving.I could see VG pulling my other brokerage and bank accts into their funds, so there's another 25%. My RE would be most likely be sold after the kids are taken in by their guardians, so there's another 25%. And it's feasible that they might liquidate my Treasuries, so that'd be the last quarter going, now entirely, into VG's realm.I acknowledge that I have some hangups of trying to manage from the grave, but I'd still like to have something that mitigates the risk of having the kids' trust being in a single fund family.More globally, if VG is what I think most of us regard them as being, then why is it that they don't want to be a SIPC member, or at least have a private insurer backing the assets held under their mgmt? It just seems strange that I can hold a VG fund through Scottrade and be insured under SIPC, yet if I hold the fund directly with VG, I'm not.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra