Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
I'm wondering if tonight's (4/1/99) column by Phil, by explicitly mentioning Vanguard when TROW has its own 500 Index fund, is an answer (conscious or subconscious) to your question.

Actually, I edited Phil's column and added the info about Vanguard. This plug for Vanguard's S&P Index fund certainly represents my opinion that Vanguard is *the* force to reckoned with in the mutual fund world. My belief in Vanguard is based on the convincing evidence that managed funds are at an irreconcilable disadvantage to index funds. Higher taxes, trading expenses, and management expenses create a hurdle that actively managed funds simply can't o'erleap. If Vanguard were a publicly traded company, I think it's safe to say that it would be in our portfolio instead of T. Rowe. Of course, this is all just my opinion. The Rule Maker managers are an opinionated bunch, and we sometimes disagree on certain issues.

-Matt
Print the post  

Announcements

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.
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.