>Everyone invests in low cost index funds, usually through Vanguard
>Next major market crash (think 2008) happens
>It turns out Vanguard was nothing more than a ponzi scheme to attract "smart" investors with a concept that sounds smart and realistic
>Jack Bogle becomes the new Bernie Madoff
>Everyone who invested in Vanguard gets screwed over
>Actively managed mutual funds and passive funds with "higher" expense ratios all survive
You get what you pay for /biz/.
>>2775748
>look mama I can larp: The thread
Captcha: Brive carphone
>>2775748
>I have no idea what an index fund does, the post
>>2775748
It's a Ponzi, but not like you think. Stock market is kept afloat by retirement funds. As soon as a critical mass of boomers retire and start withdrawing money instead of adding money, the ride stops. I think it's possible we will see a slow decline of the stock market lasting 20-30 years.
>>2775786
Atleast he's not like
>600k in crypto
>12 acre mansion
>72 kids w/ my army of supermodels
> /fit/ and lift 3000kg each day w/ my 14in dong
Atleast he's not that
>>2775786
It's not a LARP you faggot. How is he pretending to be anything when spelling out this scenerio?
If anything, with Americas debt, this might actually happen soon.
>>2775886
"larp" is the new "troll." every single thing is a "larp" to fucking retards who have only been here for a few months and copy/paste whatever language they see here
>SIPC protected and Lloyd's insured
hmmm
>>2775935
>protecting and insuring $4 trillion of AUM
>implying anyone will pay out
>>2775748
Vanguard has been around since the 1970s. You're a fucking cuck if you think it hasn't survived multiple economic crashes and come out the other side.
Unlike Fidelity or Charles Schwabb, it also has a following of true believers. Go revisit Bogleheads.org threads from the financial crisis lows in 2008-2009. Veteran Vanguard investors said they would never pull out and told panicky retards to HODL.
Vanguard will never collapse, idiot. Eat my gay black ass.