tag:blogger.com,1999:blog-2875915890415125655.post6482612360469948508..comments2023-05-18T10:37:34.608+01:00Comments on <a href="http://www.retirementinvestingtoday.com">Retirement Investing Today</a>: Vanguard lowers expensesRetirementInvestingTodayhttp://www.blogger.com/profile/03088383743670046657noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-2875915890415125655.post-6987639843084977752019-11-09T08:13:48.049+00:002019-11-09T08:13:48.049+00:00Pops 321 here.
I am with the Pru following a DB ...Pops 321 here. <br /><br />I am with the Pru following a DB transfer. After taking 25% lump sum out there is £650k in there of which £150k is in a cash fund. <br /><br />Being hammered on fees and also an IFA charge who hasn’t rung me once. <br /><br />It’s performed well so far but I need to take it out and place with a low cost provider once I have sorted my renovations which are taking up all Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-39767386274838330622019-10-28T10:19:21.857+00:002019-10-28T10:19:21.857+00:00Hope you can see these FT links . Here is another ...Hope you can see these FT links . Here is another related story with some more " good news "<br /><br />https://on.ft.com/2PmGleSstringvestnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-43775498438211265922019-10-28T10:05:18.787+00:002019-10-28T10:05:18.787+00:00This may be of interest . The Norwegian " Oil...This may be of interest . The Norwegian " Oil Fund " - that's an irony - have tackled this ( or are in the process of ). They also have strict criteria for eliminating companies that they choose not to invest in . One large sector is ruled out - Oil and Gas - they recognise that the fund and the country have a large enough investment in the ol industry already. https://on.ft.com/stringvestnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-61742676853140729482019-10-27T11:23:48.822+00:002019-10-27T11:23:48.822+00:00Unfortunately I have yet to find a low cost global...Unfortunately I have yet to find a low cost global index fund/ETF which is climate-friendly. As the report points out, all the big players offer ESG or Sustainable options but these all hold fossil fuel companies as well as the big banks which fund their operations.<br /><br />I hope they will respond to the growing global pressure to change and these large fund managers will realise that Getting to Net Zerohttps://www.blogger.com/profile/05649975918886866788noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-13560953871983672672019-10-27T10:02:16.960+00:002019-10-27T10:02:16.960+00:00Good point DIY. I know it's something you'...Good point DIY. I know it's something you've mentioned on your blog multiple times and I believe you even wrote to Vanguard asking them to reconsider (or at least offer new alternatives) before you pulled your money. <br /><br />The other big player for low cost ETF's in the UK is BlackRock/iShares with that article also suggesting they are behaving similarly to Vanguard.<br /><br /RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-14214605093652476052019-10-27T09:57:20.963+00:002019-10-27T09:57:20.963+00:00Nice analogy GFF!Nice analogy GFF!RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-90946206454867247722019-10-27T09:48:13.952+00:002019-10-27T09:48:13.952+00:00They may be cheaper but they are not a responsible...They may be cheaper but they are not a responsible company when it comes to climate. According to this recent report in the Guardian, Vanguard opposed or abstained on 84% of climate-related motion involving fossil fuel companies.<br />https://www.theguardian.com/environment/2019/oct/12/top-three-asset-managers-fossil-fuel-investments<br />For this reason I decided to offload my Vanguard Getting to Net Zerohttps://www.blogger.com/profile/05649975918886866788noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-42081994929687121872019-10-26T19:07:35.601+01:002019-10-26T19:07:35.601+01:00I see fees as like the brakes rubbing against the ...I see fees as like the brakes rubbing against the rim on my bike. The path ahead may be hilly but you want your bike to be as efficent as possible - because I am only peddling hard now because I want to freewheel the rest of the way.<br />Good thing that these fees are reduced because there is a lot of competition for low cost trackers and presumably the costs are low to run the fund and don'Gentlemans Family Financeshttps://gentlemansfamilyfinances.wordpress.com/noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-25901406812388152562019-10-26T13:37:26.875+01:002019-10-26T13:37:26.875+01:00Great to hear from you stringvest. It's been ...Great to hear from you stringvest. It's been a while.<br /><br />"But fund expenses, charges, fees have much less of an effect on overrall performance than the real or comparative performance of the investments themselves." I agree with what you say when the fees are already 'reasonable' but I think there are still some active funds out there that are still capturing the RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-24408869374908623112019-10-26T13:17:10.095+01:002019-10-26T13:17:10.095+01:00Don't claim to be an expert so maybe a quick t...Don't claim to be an expert so maybe a quick thought experiment. We know Vanguard do little sales/marketing so most of their costs must be operational. We also know their product is digital so I'm guessing most of those operational costs are rent, business rates, labour and IT infrastructure. So how much do they have to spend? Let's pick just 1 ETF, say VUKE. It's OCF is 0.09RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-61600395805426593852019-10-26T12:59:30.401+01:002019-10-26T12:59:30.401+01:00Etf's and index funds have effectively managed...Etf's and index funds have effectively managed to keep a focus on charges for all kinds of collective investments . That attention has resulted in many OEIC's and active funds reducing their charges as well . Those reductions can be considered as a slight<br />increase in yields from the funds - as less of the overrall yield is being " taken " as expenses. NB IT's have stringvestnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-27508609875745417302019-10-26T10:12:26.375+01:002019-10-26T10:12:26.375+01:00It seems to be getting too cheap. I hope it's ...It seems to be getting too cheap. I hope it's not like Icelandic banks offering market leading interest rates for your money. I suppose there's some sort of arbitrage for them between you buying their funds and them buying the underlying assets, so the more money they hold the more they make. HSBC hold cash there.Wandering Starnoreply@blogger.com