When you say Blackrock "owns" a stake in Fox or any corporation, it's not Blackrock's money. It's not Vanguard's money or Fidelity's money. It's your money if you purchased a mutual fund or ETF from these sponsors. The transfer of power occurs when an investor abdicates their voting responsibilities to a financial intermediary. If you in…
When you say Blackrock "owns" a stake in Fox or any corporation, it's not Blackrock's money. It's not Vanguard's money or Fidelity's money. It's your money if you purchased a mutual fund or ETF from these sponsors. The transfer of power occurs when an investor abdicates their voting responsibilities to a financial intermediary. If you invest directly in shares of the company rather than a commingled fund, you retain the right to vote your shares. Many view company proxies and annual reports as a nuisance. But like voting in political elections, it's important to cast your vote. At this point I don't know of a shareholder organization that analyzes and organizes voting in public companies that may advance the conservative agenda, but there should be. If you want to create a portfolio that performs in line with the S&P 500 index, I created a simple strategy several years ago that works quite well. SuperCap25.com.
You're right about it not being "Blackrock's money", but then it really isn't "our" money, much, either. The top 3 funds that own most everything are Vanguard, Blackrock, and State Street. If you try to find out who owns them, they own each other, and Vanguard owns most of that. So who owns Vanguard? You can't find out because it is not a public company. The ultra-rich put their money in Vanguard so you can't find out who they are. And it is Blackrock and Vanguard who have led the destructive, anti-human "ESG" dictaks into the management of publicly traded companies.
So as much as I agree in principle (and I do this myself) in not investing in anti-human entities, no amount of us taking our money out of Vanguard or Blackrock is going to make a difference. The money owning those entities is way, WAY about our "pay grade".
Vanguard is mutually owned. It's owned by its customers like a mutual savings bank, a mutual insurance company or a credit union.
If you don't believe people can make a difference by moving their money or by changing their behavior, that is by definition, defeatist.
The most destructive force among the big fund sponsors is Blackrock, a public company. I say that because Larry Fink is a WEF acolyte and has spoken publicly that he wants to curry favor with China as he believes that's an important growth market for Blackrock. So he is promoting the WEF agenda which is pro China and anti American. I have noticed more recently that public employee pension funds are beginning to push back against ESG which is destructive for shareholder returns, humanity, freedom, and again, favors China's ambitions by weakening the US and its allies and strengthening China's position.
I agree that public pensions taking their money out of Blackrock's control DOES make a real difference. Whatever coins I might have personally wouldn't make much difference, but Billions in public pension funds being moved, e.g. Florida's, can make a difference.
What does "Vanguard" mean? It's a military term, for the most experienced, most elite part of the military that "spearheads" the campaign .... So who does Vanguard serve, in a military capacity?
When you say Blackrock "owns" a stake in Fox or any corporation, it's not Blackrock's money. It's not Vanguard's money or Fidelity's money. It's your money if you purchased a mutual fund or ETF from these sponsors. The transfer of power occurs when an investor abdicates their voting responsibilities to a financial intermediary. If you invest directly in shares of the company rather than a commingled fund, you retain the right to vote your shares. Many view company proxies and annual reports as a nuisance. But like voting in political elections, it's important to cast your vote. At this point I don't know of a shareholder organization that analyzes and organizes voting in public companies that may advance the conservative agenda, but there should be. If you want to create a portfolio that performs in line with the S&P 500 index, I created a simple strategy several years ago that works quite well. SuperCap25.com.
You're right about it not being "Blackrock's money", but then it really isn't "our" money, much, either. The top 3 funds that own most everything are Vanguard, Blackrock, and State Street. If you try to find out who owns them, they own each other, and Vanguard owns most of that. So who owns Vanguard? You can't find out because it is not a public company. The ultra-rich put their money in Vanguard so you can't find out who they are. And it is Blackrock and Vanguard who have led the destructive, anti-human "ESG" dictaks into the management of publicly traded companies.
So as much as I agree in principle (and I do this myself) in not investing in anti-human entities, no amount of us taking our money out of Vanguard or Blackrock is going to make a difference. The money owning those entities is way, WAY about our "pay grade".
Vanguard is mutually owned. It's owned by its customers like a mutual savings bank, a mutual insurance company or a credit union.
If you don't believe people can make a difference by moving their money or by changing their behavior, that is by definition, defeatist.
The most destructive force among the big fund sponsors is Blackrock, a public company. I say that because Larry Fink is a WEF acolyte and has spoken publicly that he wants to curry favor with China as he believes that's an important growth market for Blackrock. So he is promoting the WEF agenda which is pro China and anti American. I have noticed more recently that public employee pension funds are beginning to push back against ESG which is destructive for shareholder returns, humanity, freedom, and again, favors China's ambitions by weakening the US and its allies and strengthening China's position.
I agree that public pensions taking their money out of Blackrock's control DOES make a real difference. Whatever coins I might have personally wouldn't make much difference, but Billions in public pension funds being moved, e.g. Florida's, can make a difference.
Agreed
Doesn't that relate to how much 'money' is in question and whether it is one individual or a group with similar goals?
Ding ding!
What does "Vanguard" mean? It's a military term, for the most experienced, most elite part of the military that "spearheads" the campaign .... So who does Vanguard serve, in a military capacity?
My brother-in-law who is in finance and went to Dartmouth for MBA after Naval Academy said EXACT same thing. Well said.
Great reminder. Again and again we vote we our hard earned dollars at most all levels.
A-GAIN? Interesting little word.