No. of 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.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
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.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! 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.