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How Fidelity’s War With Vanguard Means Big Savings for Investors
Zola.
Posts: 2,204 Forumite
Comments
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What do you see the benefit being for UK investors?0
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If they emigrate to the US then they might benefit!This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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What do you see the benefit being for UK investors?
The US is often a bell weather for the UK. Vanguard has recently increased it's services in the UK and is selling a range of low cost passive funds directly to the investor. I expect other companies will start to offer more low cost passive funds as money flows out of active funds and we might see more direct sales undercutting the brokerage platforms.“So we beat on, boats against the current, borne back ceaselessly into the past.”0 -
Well, Vanguard had already lowered the price already this year in the LifeStrategy products, you would think there will be some other reductions around the corner for those of us outside of the US, from the likes of Fidelity etc.0
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Fidelity has just sent out letters to advise on some changes, unfortunately not on the 0.35% charge, however you can now buy shares and hold cash from dividends to set against the platform costs. I've not had time as yet to read the rest of the new terms.0
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Having read the information, the one thing that strikes me, and I am curious about is....
Do Americans not understand the concept of percentages? Are percentages (like degrees centigrade) foreign to them?Personal Responsibility - Sad but True
Sometimes.... I am like a dog with a bone0 -
They seem to be in the process of updating their platform which is where the ability to hold shares, ITs and ETFs on the main platform comes it.
Main pricing of funds seems to be unchanged, at least so far at 35%0 -
Having read the information, the one thing that strikes me, and I am curious about is....
Do Americans not understand the concept of percentages? Are percentages (like degrees centigrade) foreign to them?
I'm surprised the article didn't use "basis points" just to sound more insiderish“So we beat on, boats against the current, borne back ceaselessly into the past.”0 -
bostonerimus wrote: »I'm surprised the article didn't use "basis points" just to sound more insiderish
LOL basis points. I never heard of it before until I came across financial talk.
Save 12K in 2020 # 38 £0/£20,0000 -
In the Fortune article, is a "buyout offer" American for voluntary redundancy? The Yanks even make unemployment sound like a capitalist opportunity.0
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