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FYI: Vanguard Group’s chief executive, F. William McNabb III, runs the largest mutual-fund company in the U.S.—just how large was highlighted last month, when the firm said it had surpassed $3 trillion in assets under management. Regards, Ted http://online.wsj.com/articles/how-vanguard-hit-3-trillion-1412539983
@Tampabay: So you subscribe to the all in one basket theory ? Their a great low cost fund firm, but in my opinion never put all of your eggs in one basket. Regards, Ted
@Tampabay: So you subscribe to the all in one basket theory ? Their a great low cost fund firm, but in my opinion never put all of your eggs in one basket. Regards, Ted
This would make a good topic on MFO. How many brokerages should one have accounts with, in order to not, as Ted says, "put all of your eggs in one basket"? And what are the issues?
Moment of truth ! I hold 4. Vanguard, Schwab, New York Life, & Johnson bank. By the time I hit 70 1/2 I'll probably have two. Two of the four, 401-k,s have bookkeeping fees. These will be the 2 that get rolled over first. 19 or 20 funds here or there.
Ted, you miss the point (as usual).... with Vanguard you can buy their funds, any stock in the market ($7.00 fee) any other fund (worth buying), any ETF, any bond fund, and they will keep all in one portfolio for you....and any Tax, or record keeping information you need, you get, , last I checked it cost me 0.36% (peanuts) IF that's ONE BASKET..Thank You Vanguard , there always a reason for #1....
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hope they hit $6,000,000,000,000 (enough 0$?)
Regards,
Ted
How many brokerages should one have accounts with, in order to not, as Ted says, "put all of your eggs in one basket"? And what are the issues?
Two of the four, 401-k,s have bookkeeping fees. These will be the 2 that get rolled over first. 19 or 20 funds here or there.
Good investing, Derf
IF that's ONE BASKET..Thank You Vanguard , there always a reason for #1....