I expect this post may ruffle some feathers.
What are your thoughts on losing the proxy vote for all the shares you hold of your index fund companies?
The Market Ticker - Ding Dong This Man Did Real Harm https://tickerforum.org/akcs-www?singlepost=3465349
Index investing, downside to what Jack Bogle accomplished
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Re: Index investing, downside to what Jack Bogle accomplished
Who has the time to actively manage a portfolio of stocks and pay enough attention to each holding to cast a knowledgeable vote for the board of directors? Not me. I don't think I ever made such a vote when I did hold some stocks. And if it was a one-share one-vote deal I never owned enough to make the slightest difference.
Update: Upon further reflection I think I was probably showing my naivete in thinking the author of that piece was actually recommending A DIY portfolio as opposed to index funds. Much more likely he is trying to promote active management for a fee - in which case I can see why he doesn't like Mr. Bogle.
Update: Upon further reflection I think I was probably showing my naivete in thinking the author of that piece was actually recommending A DIY portfolio as opposed to index funds. Much more likely he is trying to promote active management for a fee - in which case I can see why he doesn't like Mr. Bogle.
Last edited by jacksonM on Sat Jan 19, 2019 2:30 pm, edited 3 times in total.
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Re: Index investing, downside to what Jack Bogle accomplished
Horseshitmurphy_p_t wrote: ↑Sat Jan 19, 2019 11:37 am I expect this post may ruffle some feathers.
What are your thoughts on losing the proxy vote for all the shares you hold of your index fund companies?
The Market Ticker - Ding Dong This Man Did Real Harm https://tickerforum.org/akcs-www?singlepost=3465349