Vanguard moves to the Dark Side!
BOGLEHEADS TAKE NOTICE!
“Vanguard Slashes Minimum Investment for Robo-Advisor to Just $100" 09-04-24 Andrew Welsch
WOW! This is the biggest example of “HOW TO STEAL FROM THE UNSUSPECTING SHEEP”.
“Lowering the investment minimum for Vanguard Digital Advisor is an important step in our endeavor to broaden investors’ access to advice, and to empower them earlier in their financial journey,” said Brian Concannon, head of Vanguard Digital Advisor. “We believe that advice strengthens investors’ ability to navigate their personal finance and investment needs, and can drive better investment outcomes.”
That is the biggest load of BS that I think I’ve ever seen in print.
Like a novice investor - as Vanguard defined as those UNDER $3,000 in assets,
will “SOMEHOW” BENEFIT from ADDITIONAL FEES to ……..
DIVERSIFY their “PORTFOLIO” ….. SERIOUSLY?!
Jack Bogle is turning over in his grave!
When you have to suck money out of the SMALLEST account value clients you have, you’re rearranging the deck chairs on the Titanic!
HEY BOGLEHEAD’S, I’LL PROVE MY SOLUTION IS MORE EFFICIENT, LESS EXPENSIVE, MORE FLEXIBLE, FUNGIBLE AND MORE SIMPLE THAN ANY THING THAT VANGUARD — OR YOUR MESSAGE BOARDS — HAVE EVER SEEN!