Hello everyone and welcome back to the channel! Today I wanted to give my perspective on what I think is an interesting topic. I have been seeing some videos lately about how companies like Blackrock, Vanguard, etc. have bad intentions, or are even “evil” companies and are trying to take over the world by purchasing shares in all the major corporations and real estate, along with other assets across the globe, etc.
However, what I want individuals to understand is that Vanguard is extremely popular with investors due to the fact that they charge very low fees and the ease of convenience. Thus, the Vanguard index fund has become increasingly popularized and common in the marketplace. Vanguard mutual funds and ETFs have become the staple in many 401ks, IRAs, and other types of brokerage accounts.
The cost efficiency, along with the reputation of Vanguard is what has led to such a success for the company. Jack Bogle set out with a mission to “make investing more efficient by providing low-cost access to diversified investments.” The point is, if we are to believe in capitalism in the United States, then perhaps we should consider that companies like Vanguard & Blackrock are not as evil or greedy as some would might you suggest, and instead realize that these companies are successful due to the investment products they create and their highly competitive nature in the marketplace. Hope you enjoy the video!