Apparently today (Aug 31) marks the 50th birthday of Vanguard’s 1st Index Fund. From there - the ‘Bogel Effect’ of LOW FEE PRODUCTS swept across the global asset management industry (including and accelerated by the introduction of ETFs) putting pressure on competitors to continuously lower fees. ⬇️⬇️ Investors are/were the direct beneficiary SAVING BILLIONS $$$ each and every year. 💰💰💰 Canada’s ETF 🇨🇦 industry now sits at $1.02 trillion! For context - when I joined my first ETF provider in 2007 the AUM < $20 billion. If we assume a conservative 1.0% fee saving on current assets relative to the traditional Mutual Funds that were popular ahead of ETFs rise in popularity - it’s easy to see that Canadian investors alone are KEEPING $10,000,000,000 MORE OF WHAT THEY EARN (EACH AND EVERY YEAR)! 👀🤑 That’s MASSIVE! ‼️ Bull markets have the tendency to cause (some) investors to forget the impact and advantage low fees offer investors. ⚠️ As I’ve said in past posts/comments it’s actually kind of SAD to see so many people revert back to building full portfolios of high fee products again. Choosing to let Managers keep more vs keeping those fees for themselves and their families. 🤦♂️ There are many things we can not control as investors. Fees is one thing we do control through the products and providers we choose to support. Please don’t dismiss the longterm advantage low cost products offer. ‼️ Thank you to Vanguard for making low cost investment products available to all! 🙏👍 AS A SHOW OF GRATITUDE- TAG YOUR FAVOURITE VANGUARD ETF/FUND IN THE COMMENTS! Ideally with the MER. 😉
$VTI has been my favourite since I opened up my Wealthsimple robo advisor account . Then I switched to DIY and I bought it back among others from Vanguard like the $VOO
Rez @rezola · 20d
$VDY not only for the dividend but as a good addition for diversification (Energy as an inflation hedge & Banks as AI downstream beneficiaries in the long run).
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