BFI November [censored] thread

[renodoc]

wtf when i go to borders or B & N or even buckey's the books/cd's are priced like: $15.95 US $19.95 CAN

total pwnage

(ahnuld- i dont post here much (read: ever) if this isnt the type of thing for this thread, please delete it)

[ahnuld]

yeah they are super slow to adjust prices. It pisses me off because data just came out this week for september retail sales in canada. Due to the dollars huge run and the fact that they cant adjust prices quickly it caused a .7% month over month drop in auto sales and 2.2% drop in tech products. As a result overall retail numbers looked bad and my retailer got killed even though it buys inputs in the US and doesnt sell the type of good that people who buy in the USA instead of canada

[chisness]

Why does everyone recommend Vanguard for index funds? Fidelity's expense ratio is 0.10% to Vanguard's 0.19% from what I can tell.

[john voight]

maybe factors other than .09% diff in expence ratio play a role.

also im guessing ratios are diff for different funds, and fidelity is not lower in all comparable funds. IDK though..

[ybother]

can someone give thier advice on investor tool seminars, I saw one for the tools from success magazine, but the hard sell of it made me skeptical, fwiw it looked like a combination of techincal and fundamental anyalsis...

[chisness]

voight, yeah i didn't look into all the funds, but the total index had the 0.1 to 0.19 and has had slightly higher returns for all of the periods i checked (10, 5, 3, etc.)

[Jestli]

anyone think the S&P could hit 1495 by friday ?

[DesertCat]

[ QUOTE ]
Why does everyone recommend Vanguard for index funds? Fidelity's expense ratio is 0.10% to Vanguard's 0.19% from what I can tell.

[/ QUOTE ]

I will admit my reasons are partly laziness. I don't want to spend my time researching index fund providers. I can send a newbie to Vanguard and know they will do fine and not get ripped off. I am actually a fidelity customer, but have never considered their funds. They are a good company but my experience has been they are higher commission, and higher fees than the discounters. Sounds like you found an exception.

[Uglyowl]

Vanguard S&P fund for years has been the gold standard. It takes a long time for reality to set in, if they are no longer that. Very similar to ING Direct with internet banking.

[cookmg]

From what I recall Vanguard has more choices of index funds. Their target retirement funds are perfect for the no-nothing investor whereas Fidelity's target funds are are chocked full of high fee, actively managed mutual funds. Also, I had heard that Fidelity's low fees on the index funds were just a promotional, temporary low. That was awhile ago though. Still, Vanguard will always be rather low fee so you can avoid the future hassle of moving money around by just sticking with the known quantity.