WCI #166: Is Vanguard Losing Its Status?

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 9 July 2020

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

I love Vanguard. I think it is great to have a real mutual fund/brokerage company that is owned by the investors and run at cost. Their low costs and passive investing has done wonders for the investment industry. However, things are maybe not the same as they were years ago, as far as Vanguard and its competitors. Fidelity and Schwab are now competing with Vanguard on price by offering their index funds at a lower expense ratio. But is that a reason to move your assets away from Vanguard? I don't think so and I talk about why in this episode. But Vanguard has it's issues and I discuss those in this episode too. I think if they're not a little bit more careful, they may see that they really have serious competition for gathering assets.

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Transcript

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0:00.0	This is the White Coat Investor Podcast, where we help those who wear the white coat get a fair shake on Wall Street.
0:06.0	We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011.
0:12.0	Here is your host, Dr. Jim Dolly.
0:15.0	Welcome back to the White Coat Investor Podcast.
0:20.0	This is podcast number 166, is Vanguard losing its status. So we're
0:25.4	recording this on June 23rd. It's going to run on July 9th. It's been an
0:29.6	interesting summer so far. Thanks for what you do. I know that you're out there trying to
0:34.9	sort out your lives dealing with the stress, the additional stress you're
0:38.0	having at work from trying to keep yourself safe and not bring this virus
0:41.2	home to your family,
0:42.8	as well as dealing with the economic stress
0:45.0	that the entire country is dealing with
0:46.7	that's affecting both your investments and assets
0:49.6	as well as your income.
0:51.3	So thank you for all of that that you're dealing with and for doing such
0:57.2	a difficult job. Personally it feels like the pandemic has finally arrived in Utah.
1:02.3	Our numbers have gone from where they were for a couple of The pandemic has finally arrived in Utah.
1:02.6	Our numbers have gone from where they were for a couple of months of 150 to 200 cases a day
1:07.8	to now 400 to 650 cases a day.
1:10.7	It really feels like some switch has flipped around here. Now that we're a day. It really feels like some switch has flipped around here now that we're a few
1:14.9	weeks out from coming out of our holes and trying to interact a little bit more normally and
1:20.0	opening up restaurants, etc. But finally in the ER I'm actually seeing cases, which I'm not sure I saw a
	...

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