You dont choose who buy stocks in your company. I hate vanguard and BlackRock, but they invest in every single public company. All of them. So do I just fuck off from all of the companies they invest in?
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.
Blackrock and Vanguard-the ones who own all big businesses, banks, health facilities, etc. They own everything, and YOU WILL BE HAPPY!
You dont choose who buy stocks in your company. I hate vanguard and BlackRock, but they invest in every single public company. All of them. So do I just fuck off from all of the companies they invest in?
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.