Your Survival Guy

Preparing your investments and family for when disaster strikes.

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Why Vanguard is too Big: Part VI

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Do you know what career risk means? Of course, you do. It means you could lose your job. Well, in the investment world of pensions, mutual funds, and ETFs, career risk means you might lose your job if you underperform an index. That’s why so many pensions, foundations, and the like are piling into the Jabba the Hutt funds, like Vanguard’s Total Stock Market Index. If they lose a pile of money, at least they can say, “Hey, so did everyone else. We performed just like the market did”.

You’ve read here, here, here, here, and here about my concerns with Vanguard being too big. That goes for all the other big guys, especially king of the AUM hill, BlackRock where “you invest, they win.”

Action Line: Make sure you’re aligned with an investment counsel who is worried more about keeping you solvent than keeping themselves employed. An investment counsel should help you beat inertia to protect your family’s wealth, like I do each month in my Survive & Thrive newsletter. Click here to sign up if you’re serious about protecting your family’s future.

Read more about Why Vanguard is Too Big here.

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com