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Personal Finance and Investing

progree

(11,568 posts)

1. Hmm. Fidelity's 500 Index Fund has a 0.05% expense ratio

Reply to lordsummerisle (Original post)

Thu Dec 3, 2015, 09:40 PM

Dec 2015

Last edited Fri Dec 4, 2015, 04:22 PM - Edit history (1)

http://www.morningstar.com/funds/xnas/fusvx/quote.html

So I doubt very much that Vanguard is going to have to charge $8.20 per $1,000 (0.82%) in "expenses" that they don't have, while Fidelity gets away with an expense of $0.50 per $1,000 (0.05%). Unless Fidelity is cheating too.

Similarly Schwab's S&P 500 index fund's expense ratio is 0.09%. So I guess Schwab is cheating too.

http://www.morningstar.com/funds/XNAS/SWPPX/quote.html

http://www.schwab.com/public/schwab/investing/accounts_products/investment/mutual_funds/schwab_mutual_funds/equity/index

And will they also go after credit unions, which are member-owned and similarly structured? About 10 years ago, the banks whined about the advantages credit unions were getting, but legislation to "fix that" was soundly defeated.

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Vanguard Investors May Be In For a Shock [View all] lordsummerisle Dec 2015 OP

Hmm. Fidelity's 500 Index Fund has a 0.05% expense ratio progree Dec 2015 #1

What bothers me about this story lordsummerisle Dec 2015 #2

I think something of that magnitude is about as likely to happen as a big rise in the capital gains progree Dec 2015 #3

I was thinking the same thing lordsummerisle Dec 2015 #4

This message was self-deleted by its author A HERETIC I AM Dec 2015 #5

This message was self-deleted by its author progree Dec 2015 #6

This message was self-deleted by its author A HERETIC I AM Dec 2015 #7

Let me get this straight. klook Jan 2016 #8

My thoughts as well. n/t lordsummerisle Jan 2016 #9

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