A lot of people invest in Vanguard or BlackRock products like ETFs, mutual funds, etc. Some choose to, some have to (limited offering in their 401Ks, IRAs, etc), or they entrust their financial wellbeing to a typical Financial advisor.
If you would like to track the S&P 500 you could invest in the Vanguard ETF : VOO — if you look at the basket of stocks, all the big cap names are there.
So it’s not like Vanguard or BlackRock specifically own for themselves, they are using your money to own these baskets. Then you vote on company matters via Proxy which I highly doubt is ever correct or accurate.
It’s better for you to just own the company stock yourself, and not give your money to these large institutions. Do your research, and invest accordingly.
It’s stupid that a lot of people entrust their money to Financial Advisors, 99.9999% of them are useless imo.
This is a misunderstood area.
A lot of people invest in Vanguard or BlackRock products like ETFs, mutual funds, etc. Some choose to, some have to (limited offering in their 401Ks, IRAs, etc), or they entrust their financial wellbeing to a typical Financial advisor.
If you would like to track the S&P 500 you could invest in the Vanguard ETF : VOO — if you look at the basket of stocks, all the big cap names are there.
So it’s not like Vanguard or BlackRock specifically own for themselves, they are using your money to own these baskets. Then you vote on company matters via Proxy which I highly doubt is ever correct or accurate.
It’s better for you to just own the company stock yourself, and not give your money to these large institutions. Do your research, and invest accordingly.
It’s stupid that a lot of people entrust their money to Financial Advisors, 99.9999% of them are useless imo.
If financial advisors had good financial advice, they'd have retired at 25 from following their own.
Yeah, folks need to find out what 'Blackguard' is really up to: https://childrenshealthdefense.org/defender/blackrock-vanguard-own-big-pharma-media/
They tried to oust Elon as CEO of Tesla in 2018 and the measure was defeated...
There is Major Rothschild, Rockefeller, Gates and Bush family money behind these two companies...
Oust elon as CEO of Twitter? You mean Tesla?
I meant Tesla, sorry.
They are trying to oust him again now. Quietly having SEC and DOJ go after him