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ta9000today at 4:48 AM1 replyview on HN

3 bps instead of 4? That’s a savings of… $100 on a million annually.


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benjaminklicktoday at 5:00 AM

I mean even $100 annually compounds to be tens of thousands over a lifetime. Furthermore, Vanguard manages like almost 10 trillion so that ends up being nearly a billion extra extracted per year.

My main issue though is that Vanguard's brand is low-risk passive, but they are now selling high-risk active funds under that brand.

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