Re:Bogle Sounds a Warning on Index Funds
by davio on Friday November 30, 2018 @10:05AM
(#18569552)
There's definitely a race to the bottom going on with the free Fidelity funds and Vanguard reducing the dollar minimum by 70% for a lot of admiral shares.
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Yet another great example of "race to the bottom" benefiting consumers. Not sure why it's used in a negative way all the time.
Re:Bogle Sounds a Warning on Index Funds
by pmiller2 on Friday November 30, 2018 @11:33AM
(#18570261)
It's used in a negative way all the time because the people using it are usually on the losing end of the deal.
Re:Bogle Sounds a Warning on Index Funds
by thisisit on Friday November 30, 2018 @01:03PM
(#18570991)
Because eventually businesses wake up to the fact that they need to make money. And they do it by going the absurd route.
For example, online help is free but if you need to talk to a human being support, give us $10 a call or something. And while an average consumer might not be affected, people who are actually affected end up a nightmarish situation.
But that's just running a business poorly and you'll likely lose customers over it.
Re:Bogle Sounds a Warning on Index Funds
by barrow-rider on Friday November 30, 2018 @10:13AM
(#18569617)
Vanguard is doing "Auto" Admiral too -- if you meet the 3k minimums for Admiral funds they're auto converting you anyway.
Race to the bottom or not, competition works.