If you want proof that Vanguard is shifting to managed accounts with model portfolios, read this from Crypto Intelligence: Model portfolios, commonly offered by large brokerage firms, are diversified investment strategies that balance risk and return, providing investors with pre-designed templates or “recipes” for investing. BlackRock anticipates that the management of model portfolios will grow from the current $4.2 trillion to $10 trillion over the next five years. Earlier in July, Salim Ramji, global head of iShares and index investments at BlackRock, commented on the growing trend, … [Read more...]
Why Vanguard Is Too Big For You
If you want clear evidence of why Vanguard is too big, then look no further than the money flow into passive index funds. When investors are lulled to sleep by a bull market, they dream about things like early retirement, vacations, and second homes. What they tend to miss is that reversion to the mean is a fact of life. You can take my word for it and that of the father of index funds Jack Bogle.
Learn more about why Vanguard is too big for you below:
The Wolf of Vanguard Dressed Like a Sheep
The full-court press for higher-fee management is on at the big money managers, and former BlackRock executive turned Vanguard CEO has been in on it from the start. BlackRock is planning to put digital currency-backed exchange-traded funds (i.e., crypto funds) into its model portfolios by the end of 2024 as "portfolio diversifiers." You already know how Your Survival Guy feels about crypto-currencies. Despite his newfound commitment to the ways of John Bogle, Vanguard's CEO Salim Ramji said as recently as July that he thinks the trend of adding crypto to managed portfolios is "going to be … [Read more...]
Vanguard’s Push for Private Markets?
Vanguard's new CEO, Salim Ramji, direct from his previous job at BlackRock, recently told an interviewer that he'd like to apply Vanguard's low cost approach to private assets. Silla Brush and Katie Greifeld of Bloomberg report: Vanguard Group Chief Executive Officer Salim Ramji said his firm is “really about” low-cost investing, and that he’d eventually like that to carry into the world of private assets. “Low-cost investing applies in index, and it applies in active — and I would like it over time to also apply in private assets,” Ramji said in an interview Monday on Bloomberg TV. He’d … [Read more...]
Vanguard’s Mission? Houston We’ve Got a Problem
When there are three times as many mutual and ETF funds than the number of stocks available to invest in, Your Survival Guy thinks, “Houston, we’ve got a problem.” And we do. Because when Vanguard, BlackRock, State Street, and the like create funds to invest in, they’re picking stocks from a shrinking pool of securities. A couple of reasons are overregulation, more companies going private, new ones not considering going public, and big-cap companies gobbling up smaller rivals. It’s survival of the fittest. What does that mean for the guy on Main Street? As a Vanguard investor, you own the … [Read more...]
New Vanguard CEO: AI Could Help Customer Service?
New Vanguard CEO Salim Ramji tells CNBC that artificial intelligence (AI) could help the company with customer service. Does that sound good to you? I didn’t think so. Action Line: When you hear the words “robo adviser,” run. And when you want to know more about why I think Vanguard is too big, download my SPECIAL REPORT: The Trouble with BlackRo… er… ummm, Vanguard. … [Read more...]
Is Vanguard Too Big? What’s Next?
You know Your Survival Guy has some questions about Vanguard. You can read about them in my SPECIAL REPORT: The Trouble with BlackRo… er… ummm, Vanguard, but it turns out the U.S. government may have some concerns with Vanguard too. You see, Vanguard, along with BlackRock and State Street, have become so large that their holdings of many U.S. publicly traded companies have exceeded the 10% limit normally placed on owners before additional responsibilities are incurred. For years, exceptions have been made for the big money managers, but pressure is mounting for enforcement. Steve Johnson, Will … [Read more...]
Vanguard Study: 68% of Rollover IRAs Missing Out
“In a recent survey of over 500 Vanguard IRA clients who completed a rollover in 2023 but were still in cash in June, 68% didn’t know how their IRA money was invested,” explains the WSJ from a Vanguard study on rollover IRAs. The report continues to illustrate how investors who move money from their 401(k)s do not invest the money when it’s in an IRA. This is not good. When Your Survival Guy worked on the 401(k) team at Fidelity Investments, I was involved with processing rollover IRA transactions for participants. The money would be sent to participants, made out to the institution of … [Read more...]
BLACKROCK: The Takeover of Vanguard from Within?
When you read about the haphazard transition Vanguard made from its former CEO to its current CEO—BlackRock rainmaker Salim Ramji—it makes me wonder if Vanguard is in play. Is it being primed for a takeover? When you read the annual letter from BlackRock CEO Larry Fink, you can sense how proud he is of its size, touting its trillions of assets under management. What’s his next step? His curtain call? How will he grow from here? When you’re as big as the government, that’s an easy partnership, but what about in the private sector? Wouldn’t this make a Vanguard tie-up a no-brainer? He’s got a … [Read more...]
Who Is Vanguard’s New CEO Salim Ramji?
You know that Vanguard has a new CEO named Salim Ramji, and that he's the first outside hire for Vanguard's top executive in its history. You also know that Ramji most recently worked for BlackRock, the epicenter of the ESG fad that puts the political agendas of money managers ahead of investors. But what else do you know about Ramji? Here's his background from Bill Peters at MarketWatch: Most recently, Ramji headed up BlackRock's iShares and index investments, where he oversaw considerable growth. Vanguard, in announcing Ramji's appointment, emphasized his efforts to roll out low-cost … [Read more...]
Why Did Former Vanguard CEO Tim Buckley Leave?
While Vanguard is trying to paint the recent transition from its now-former CEO Tim Buckley to Salim Ramji as a planned transition, Buckley's abrupt departure raised eyebrows among Vanguard watchers. Why did Buckley abruptly leave Vanguard after 33 years? In announcing his departure on LinkedIn, Buckley wrote: Thirty-three years ago, I was lucky to join Vanguard, an investment company that believed in giving investors a fair shake. I’ve had the privilege to serve on our senior leadership team for 23 years and am in my seventh year leading this incredible organization and crew as CEO. Our … [Read more...]
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