Re:Jeff Bezos Surpasses Bill Gates as World's Richest Person
by kobeya on Thursday July 27, 2017 @10:50AM
(#14865823)
SPY and the Vanguard version together represent half a trillion dollars of wealth under management. And that's just the top two. So yes, you can dump that much in index funds.
Re:Jeff Bezos Surpasses Bill Gates as World's Richest Person
by TotallyHuman on Thursday July 27, 2017 @11:04AM
(#14865947)
That's the same amount he has. Vanguard can't just double their fund like that...
Re:Jeff Bezos Surpasses Bill Gates as World's Richest Person
by LukeShu on Thursday July 27, 2017 @11:14AM
(#14866045)
From other comments: Vanguard's 500 index manages ~500 billion (dmoy), Gates is worth ~100 billion (kevindqc). Even so, Vanguard can't just increase their fund by 20% like that.
Re:Jeff Bezos Surpasses Bill Gates as World's Richest Person
by dmoy on Thursday July 27, 2017 @04:03PM
(#14868911)
Right you're sorta missing the point though. Vanguard outside of the s&p 500 has another 3.5 trillion or something. They could absorb bill gates net worth.
At that scale, the S&P isn't even a good benchmark, because it's not like a single investor can just dump that much in an index fund or even in the underlying companies directly.