tag:blogger.com,1999:blog-5465015914589377788.post7226260790517195569..comments2024-03-20T09:32:16.592-04:00Comments on Michael James on Money: Some Index ETFs Understate FeesMichael Jameshttp://www.blogger.com/profile/10362529610470788243noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5465015914589377788.post-61433081434075666062009-11-10T10:51:58.262-05:002009-11-10T10:51:58.262-05:00Michael - I like your idea of counting it against ...Michael - I like your idea of counting it against the fund company when they skim profits from securities lending. That really ought to be included in the MER. I think that would remove the <a href="http://a-loonie-saved.blogspot.com/2009/08/securities-lending-next-bubble.html" rel="nofollow">conflict of interest</a> that is otherwise inherent in securities lending.<br /><br />There are already rules about what must be included in MER, and if the company's share of securities lending revenue is not included, it should be!Patrickhttps://www.blogger.com/profile/16816252455472704262noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-45760046218100143452009-11-09T08:54:59.312-05:002009-11-09T08:54:59.312-05:00Blitzer68: I'm a fan of Vanguard as well. I&...Blitzer68: I'm a fan of Vanguard as well. I'm not ready to write off the Schwab ETFs yet, but I'll stay away until I understand them better.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-8946171001060844152009-11-09T08:36:29.281-05:002009-11-09T08:36:29.281-05:00Thanks for the post.
A typical investment company...Thanks for the post.<br /><br />A typical investment company like Schawb is trying to maximize profits for its shareholders through whatever methods possible. Sometimes these methods come at the expense of its clients, those who invest in the company's ETFs and funds. <br /><br />This is a good example of why I like Vanguard. As I understand it, when you own Vanguard ETFs or funds, you also own a part of Vanguard. This way, you eliminate competing interests between the Vanguard company shareholders and the owners of the Vanguard ETFs and funds since they are the same people.Jim Turnbullhttps://www.blogger.com/profile/16141660549510415017noreply@blogger.com