/biz/ - Business & Finance

>>52478641
ancient judeo phoenician jew bankers

DA JOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOZ

>>52478641
East India company, apparently, and they have a bone to pick with the anglosphere

>>52478641
Are you retarded? They are a management company that manages customer funds

>>52478641
Literal final jewboss. It's the continuation of the merge of the (((Dutch))) and (((British))) East India Company. This is explaining their logo. They were already the most powerful financial entities 300 years ago, and still are to this day. They are in total control and are the ones behind the scamdemic + clotshot.

>>52478641
there's no law saying you have to go public

going public is retarded anyway cuz stock holders are fucking retarded

>>52478771
>Literal final jewboss.
bruh, you don't even know the names of the real jews

>>52478641
>a great man created and ran it
>men with long noses removed that great man from power
many such cases

>>52478641
they use your shares to lobby/vote against your interests

TECHNICALLY, the company is owned by its funds, which is owned by fund holders. So technically, the public owns Vanguard through VTI, VTSAX, VEA,etc.

>>52479255

Can you name the Jews that removed him?

>>52480126
a jew called time

>>52478667
>>52478677
>>52478715
>>52478771
>>52478802
>>52478823
>>52479255
>>52479278
>t. literal retards

>>52478641
they hold 1M of my retirement

>>52478771
>(((Van))) Guard
OOK VEY DE BUITENLANDERS WETEN HET
ZET HET UIT

Are these guys Illuminati?

>>52480083
EXCEPT you have no voting power and have no idea how much management is making

>>52481440
Wrong and wrong.

>>52481459
I own VTI. When do I get to vote for Vanguard CEO? How much does Tim Buckley make? Fucking retard.

>>52481559

>>52478715
>East India company, apparently
Saw the logo and immediately thought this.

>>52480417
>Thematic engagements target companies where we have identified a concentration of high potential risk in a specific area, such as climate change or diversity.

>>52481580
Answer my questions, genius.

>>52481595
buck makes about 15m. you vote on fund proxies as a fund shareholder, not the CEO retard. now go be retarded somewhere else.

Wtf, you're stupid af! Try Bspin. it's easy even for you.
>Online Casino with Bitcoin main currency
>Players deposit, play and withdraw BTC without any additional conversion
>Many different deposit methods

>>52478641
cool it with the antisemitism pal

>>52481606
>>52481595
and management fees (otherwise known as expense ratios) are public. you are so damn retarded, retard.

>>52481606
I've owned Vanguard funds for 8 years and have never gotten a proxy vote for anything.

Vanguard (((((owners))))) have absolutely no input into the day to day business of Vanguard Group. No one has any idea how much Vanguard management makes and you just pulled a number out of your ass. There is absolutely no difference between owning SPY and VOO from a practical perspective. Fucking imbecile.

>>52481617
Do you have any say as to where those fees go as a Vanguard (((((owner)))))? No.

>>52481617
I never disputed that, dumbass. That has nothing to do with the ownership structure.

>>52481632
>>52481627
then put your money in high exp ratio funds, or with dealers who also have to also have to make equity shareholders happy retard. you are so damn retarded, for real.

>>52481658
I use VTI but I'm not deluded into thinking that owning it gives me any special rights compared to owning FZROX.

>>52481658
Oh and FZROX has lower ER than VTSAX.

>>52481658
You don't have to use Vanguard as a broker to own Vanguard funds. Retard.

>>52481692
no shit retard. but taking SPY or fxiax thru any broker means youre also making (((equity shareholders))) happy. fzrox is 1/20th the size of vtsax. enjoy it while its still available outside of their (((advice))) platform, retard.

>>52478641
/biz/is so retarded they think Vanguard is some bad actor

It's an investment management company. They manage mutual and index funds.They charge the lowest of fees, so a lot of passive investors, 401ks, pension funds throughout the world use their services. They have the most assets under management because they charge low fees, have been around the longest, and advocate a passive buy and hold strategy. But that doesn't mean they are the owner of these stocks, the clients who own VOO or VTSAX are the owners of the underlying stocks. The reason why they aren't public is because they are a mutually owned company, meaning the owners of the mutual+index fund products own the company.

Jack Bogle founded Vanguard, he was anti Wall Street. He advocated for average investor to invest in low cost index funds instead of actively managed funds. He pointed out that the way people typically invested was giving their hard earned money to a hot shot WALL Street Fund manager who played stock market. The vast majority of the time these people underperformed the index benchmark. He did more for the average investor than anyone. Put down your digital jelly bean and embrace Bogle-Sama.

>>52481733
FZROX in danger of going bye bye for retail?

>>52481782
fees will be recouped there, or with their customer cash/settlement yield arb.

>>52480417
>>52481459
Hi, glowtard

Wtf, ya're stupid af! Try Bspin. it is easy even for u.
>Online Casino with Bitcoin main currency.
>Players deposit, play and withdraw Bitcoin without any additional conversion.
>Many different deposit methods

>>52481765
this is more like it

>>52481733
I don't have any FZROX. I HOLD VTI OUTSIDE OF VANGUARD. FUCK OFF

>>52481782
Dumbass is making shit up

>>52481839
Cash drag has nothing to do with FZROX, try again.

>>52481894
yes because it costs fido $0 a year to run a 12b fund. you win this time retard.

R E T A R D
E T A R D
T A R D
A R D
R D
D

>>52481929
>>what is securities lending

>>52481958
how'd that work out for your fiscal year that just ended 2 weeks ago?

>>52480748
>they hold 1M of my retirement
>my
umm, no sweaty, that's theirs now
unless you withdrawl

>>52481765
>just put money into these companies because... they’re already big companies bro
i hope normies continue to invest via index funds. sooner or later, it will be possible to beat all the dumb passive money with actual data and insights. perhaps that time is already upon us.

>>52483086
they should just change the index.

>>52480417
It's obvious why retirement funds are never public due to speculation and crash. However I'm surprised legislation barring legal legal firms from being publicly traded hasn't been undone. It would be nice if some big law corps had IPOs.

>>52481559
>>52481589
>>52481853
Retard alert.

lmao why is this thread full of shills? normal people do not start kvetching when people ask questions

>>52483086
yeah, THAT'S when you'll make up for it all and be way richer than all those normie sex havers, right?

>>52481765
Fucking based Boglehead.

>>52483086
Problem is, champ, you won't be competing with just dumb money. You're competing with the best of the best other active managers. It's the other sharks that you always have to worry about and all you do is make sure index funds are fairly priced for us long term investors. Thanks!

>>52481892
I figured, FZROX is their way of pulling in customers

>>52480083
On paper this sounds super progressive and everything.
In practice it's just a very non-transparent organization.

BlackCock is all sorts of evil but at least they're a publicly-traded company so there is some sort of transparency regarding their structure and operations.

>>52481765
Bogle is dead and the company is now run by some random jews.
And it has a very weird and opaque structure.

>>52485018
>>52485044
Isn't that just every other megacorp? Who the fuck knows what goes on off the books at google/amazon etc CIA shit

>>52485018
Largest Shareholder of BlackRock is Vanguard so they make decisions

>>52485064
There is more scrutiny with the publicly-traded companies, because there are regulations forcing them to publish certain things.
That doesn't mean there is never fraud, but it means it eventually gets uncovered.

Because Vanguard is not publicly traded, there are no equity research analysts studying its books. They have this marketing about "being owned by their funds, etc." (which technically is true), but it's not necessarily a good structure, because there is no real separation or balance of power.

>>52481765
BOGLEHEADS UNITE

>>52481427
no just freemasons

>>52481427
>that logo

just lol

>>52478641
>>52485674
Let me explain what late stage capitalism actually means:
Early stages of it was about local sourcing and transport of goods to costumers. Here location, speed, volume and ease of exchange determined success for a merchant. They hire the people close to the production, and settle near a city or river
Next came the international sourcing, a risky stage where braving the ocean and surviving was the biggest block to success
Later, the revolutionary industry stage. New inventions and products were key to success and sales. Now a mining company can make a city for their workers on a new place
Right before this one, a consolidation stage. Biggest players expanding horizontally and vertically until its impossible to enter their industries. Now these companies hold most of the jobs and pay most of the taxes in your country.

Late stage capitalism, When companies have become so powerful that citizens start being molded into perfect consumers, sees the rise of inmigration to ease costs of labor, the celebration and redefinition of womanhood and its expansion into confused men (women and feminine people buy more), and the control of the state for product placement and misinformation in the name of sales. Your country is no longer a democratic country, its the empire of corn, war and makeup

>>52478771
Mike Myers made fun of the Dutch in Austin Powers: Goldmember and Vanguard killed his career after that

>>52482094
What? MAKE SENSE, faggot.

>>52478641
Don't touch these guys. They can't build a functioning website.

>>52487315
This anon knows.

>>52488454
(samefag)
I tried to open a roth IRA with them because I got positive recommendations from friends & family who use them.
>create an account.
>kinda complicated to actually set it up, but ok
>try to open roth IRA
>wade through like 2 dozen pages of web forms
>keep getting redirected in an infinite loop
>maybe it's my computer
>test on multiple machines and web browsers
>get same bullshit each time.
>Call customer service the next day
>call center ho tries to walk me through the same web forms treadmill that I tried yesterday
>She eventually gives up and tells me that they will email me some paper work that I will have to fill out and fax back to them
>FAX
>I don't have a fax machine
>I don't know how to use a fax machine
And that's why I have my roth IRA with Fidelity now.

>>52486010
“late stage capitalism” is a made up word for injecting socialism and jewish nepotism for hundred years into a formerly functional capitalist system. Go back to r*ddit retard

>>52484468
You think active managers on wall street don’t get to have sex?

I personally enjoy buying individual stocks and I have sex.

>>52485089
But in that case, why wouldn't a company like say, Fidelity stop being public and follow the Vanguard route. If a company can get away with murder using the VG model, everyone would be doing it instead of the reverse. Mutual ownership is an inherently selfless model that forces the company to serve it's clients because their interests are one and the same: making money for investors, which makes money for the House. If the market is the casino, Vanguard just wants people to gamble and take a cut of the game. How much people gamble or what bet? Shouldn't care.

>>52478641
I made $47k on my IRA with them over 9 years so I guess they güd people

>>52488670
Oh nvm it's 18k on the ira, still pretty good though

>>52488576
What makes Fidelity's site any easier? I've used both and found both average. Kraken for crypto has the best UX IMO of any exchange.

>>52483086
>all I need to do is have more data and insights than the market and I'll make infinite money!

>>52481046
Plezier

>>52488667
Fidelity isn't public you retard.

>>52488860
For one, they have option chains.