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Strategies & Market Trends : Vanguard Mutual Funds -- Ignore unavailable to you. Want to Upgrade?

To: Jack Hartmann who wrote (87)	1/14/2001 12:55:55 PM
From: KevRupert	Read Replies (1) \| Respond to of 136

You made my day! The following excerpt is ridiculous: "Why would somebody buy it as opposed to Vanguard's? "I'm not sure I can answer that," Mr. Taney said." Mr. Bogle discussed this issue in his book numerous times (this is an understatement). Although he didn't mention the name of the company, one firm's representative told him that the index funds (at a competing firm to Vanguard) charged high fees because index funds were the firm's cash cow.