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12-14-2018, 03:05 PM
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Sage
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Join Date: Apr 2016
Location: Between 466 & 466A
Posts: 10,508
Thanks: 82
Thanked 1,505 Times in 677 Posts
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Quote:
Originally Posted by BK001
Thank you for your response. Can you tell me why you prefer Vanguard over Fidelity and T. Rowe Price? Just wondering what your tipping point was.
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Lower fees/loads.
Vanguard
Quote:
Fees Matter
Vanguard's founder, John Bogle, was among the first industry leaders to make a direct link between investment expenses and investment performance. Numerous studies have shown that higher management fees definitely impede long-term investment performance. Vanguard has always offered no-load funds with some of the lowest expense ratios in the market. If you qualify for its Admiral class of funds (requiring a minimum $10,000 investment), the expense ratios are reduced even further.
Vanguard's leading position as a low-cost fund provider is secured by its ownership structure. Unlike most fund companies, which are owned by third-party companies or stockholders, Vanguard is owned by the mutual funds themselves, so all profits are invested in keeping costs down for its mutual fund shareholders.
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