UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next
Author: Watty56 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76384  
Subject: Re: Diffs between investment companies Date: 12/6/2007 10:41 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
...Will I be supporting a giant "evil" corporation...


The mutual fund companies have different ownership structures. Fidelity is basically a family owned company. Others are owned by groups of people and there are probably some that are publicly traded companies buy can't think of one off the top of my head.

Vanguard is unique in that it is set up like a credit union and technically owned by the people who own shares in their mutual funds. This means that its costs are usually(but not always) lower since they don't have to generate a profit for the owners. A fraction of a percent lower cost is a big deal when money is invested over decades, which is why it is a favorite of many informed independent mutual investors. One of the downsides of Vanguard is that they don't have local offices and unless you happen to live near their headquarters, you have to do everything through the phone, mail or on the Internet. They are best for their mutual funds, if you are going to do a lot of buying and selling of individual stocks there are significantly less expensive choices.

Greg
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Macro Economics

Russia Collapsing Again?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement