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Does Your Investment Management Company Place Your Interest First?
By Turtle Investor  •  August 30, 2014
The Vanguard Group is an unique and very special kind of investment management company. This is because Vanguard is owned by Vanguard funds, which in turn are owned by investors and clients like us. Under this unique and one-of-a-kind structure, Vanguard must operate “at-cost” – it can charge the funds only enough to cover its cost of operations. Vanguard Ownership Since Vanguard is not publicly traded, it can stay focused on the long term, which will improve services and most importantly, REDUCE COSTS for its client which are also its owners. Vanguard Lower Costs
That’s how we’ve been able to keep lowering the costs of investing ever since our launch in 1975. In fact, our presence has created what’s been called “the Vanguard effect”. As we enter new markets around the globe, other investment companies have responded by cutting their fees to compete.
Vanguard has already set up shop in Hong Kong in 2013 with the launch ......
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By Turtle Investor
Hello there! I am Kevin and the author behind the Turtle Investor blog. At age 37, I hit CPF Full Retirement Sum (FRS) of $176,000 on the last day of 2019, twelve years after graduating from university. I am married and owns a 4-room apartment. I continue to be gainfully employed to build up my portfolio and provide my loved ones with better lives. Leaving everything behind and transitioning to a digital nomad life in Bali remains an option but not something that I’m actively pursuing now 🙂
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