trysail
Catch Me Who Can
- Joined
- Nov 8, 2005
- Posts
- 25,593
That's how bad it's become.
Vanguard now offers a grand total of 283 fucking mutual funds (don't get me wrong, Vanguard is— by far— the best of the lot). I wouldn't put dough with anybody else. Nowadays, Black Rock, Franklin, T. Rowe, Fidelity and the rest of 'em are LESS HONEST than the tobacco industry. They're all in the sausage manufacturing business.
The goddamn marketeers have run amok. They've got a fucking index for everything— and where there's an index, there will be a fund.
https://personal.vanguard.com/us/funds/tools/benchmarkreturns
It's obscene and its a farce; that's why there's so much fucking crap out there. You've got garbage as absurd as:
Micronesian Mid-Cap Growth Fund
All of 'em— without exception— have abdicated any notion of fiduciary obligation. They don't give a damn. All they want to do is sell you something and they've got one of everything to sell.

