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You get your dividend, but the actual price may (and did) decline. Actual performance over the past year is under 0.1%.

If you want a guaranteed return you do not buy bonds or stocks. You buy a money market fund like VMMXX. See https://investor.vanguard.com/mutual-funds/profile/performan...



Very important distinction between money market funds and checking accounts is that they aren't FDIC insured.


True, true. But with a megacorp like Vanguard backing it, I'm personally not too concerned...


Vanguard is not a corporation. It is structured as a mutual company; it is owned by funds managed by the company, and is therefore owned by its customers.

See: https://en.wikipedia.org/wiki/The_Vanguard_Group


Vanguard has many pieces and parts, many of which are, indeed, corporations. It says so on the bottom of its website: "Vanguard funds not held in a brokerage account are held by The Vanguard Group, Inc., and are not protected by SIPC. Brokerage assets are held by Vanguard Brokerage Services, a division of Vanguard Marketing Corporation, member FINRA and SIPC."

Regardless of its legal structure, I meant "megacorp" in the generic sense of "large company."

It is a large company.


good point.

Vanguard has a pretty good reputation regardless of it's company structure. I'm not so trusting of some other financial firms.




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