Correct me if I'm wrong, but Vanguard and Blackrock get their "power" from people shoveling their money into their Mutual Funds and ETFs, mostly from 401Ks, IRAs, and other retirement accounts.
What would be the impact if everyone just took their $ out of the funds and just invested into the stocks that the funds are split between?
Correct me if I'm wrong, but Vanguard and Blackrock get their "power" from people shoveling their money into their Mutual Funds and ETFs, mostly from 401Ks, IRAs, and other retirement accounts.
What would be the impact if everyone just took their $ out of the funds and just invested into the stocks that the funds are split between?
That's correct, so when black rock falls it's going to hurt a lot of people, from having their 401 k destroyed.
Their investments would then get stolen by Ken Griffin and Citadel