Good point. I admit I'm mostly quoting The Economist's recent article on it, since I haven't compared them myself:

"Meanwhile, fees as a percentage of assets under management have dropped from 0.68% in 1983 to 0.12% today (see chart). This compares with an industry average of 0.61% (or 0.77%, when excluding Vanguard itself). Fees on its passive products, at 0.08% a year, are less than half the average for the industry of 0.18%. Its actively managed products are even more keenly priced, at 0.17% compared with an average of 0.78%."

http://www.economist.com/news/finance-and-economics/21700401-vanguard-has-radically-changed-money-management-being-boring-and-cheap-index-we

Also: http://www.economist.com/news/leaders/21700390-rise-low-cost-managers-vanguard-should-be-celebrated-slow-motion-revolution

Totally agree with you on diversifying across index funds (as safe as fund managers are in theory compared to other financial institutions, I would never assume any financial company is 'safe') and of course staying under $250K FDIC insurance level.

i would not say i am anti-establishment but rather suspicious of power and authority,and rightly so in my opinion,but thats all that is..my opinion.

i tend to post chomsky because he is the most quoted and since he is so critical of power his research tends to be thoroughly vetted.i also post:chris hedges,henry giroux,sheldon wolin,carl popper all whom are extremely critical of the current power structures.

my faith dictates my politics and to me the argument is always,and i mean always:power vs powerlessness

i am critical of power.
i challenge authority and question its validity,forcing said authority to prove its relevance in todays society.

just because i criticize and challenge current power structure in no way dismisses the very good and beneficial accomplishments of the society i reside in.there are many positives to be acknowledged and applauded,but we must be vigilant and do our due diligence in order to challenge extremely powerful forces that seek to undermine the myriad of hard-won rights and privileges in order to benefit themselves at the detriment of everybody else.

so while my politics may be perceived as radical by some,it is not radical at all to me.which should be self-evident.

and disagreement is not only fine by me but welcomed,and i am glad you will engage with me (some people fear conflict).engagement forces me to refine and examine my own ideologies and if they are found lacking,then they must be discarded.without challenge and criticism we will all sit in our own hubris,an echo chamber of our own insular ideologies,smelling our own farts.

now where is the fun in that?

anyways..always a pleasure sparring with ya.
stay awesome brother and merry christmas happy new year!

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@lantern53
your comment is so full of ignorance you should feel shame for even posting it.
disagree with chomsky is a fine position,many do,but to imply that he is not one of the most quoted and respected intellectuals on the planet is just plain stupid.

are you suggesting what america has is capitalism?
well then i submit that what america has in NOT capitalism but rather state-run capitalism or to be more accurate:corporate socialism

the problems with capitalism are well known,well understood and well documented.the problems america is experiencing now are only a mystery to those who are ignorant and rely on the sensationalist,propagandized corporate media which does nothing to inform them but rather everything to obfuscate the reality.
why? because the very corporations who steal and plunder the american working class are the very ones who bring them their daily dose of propagandized bullshit.
lap it up doggy boy...it will help ya grow into a proud and clueless corporate slave.

chomsky is a libertarian socialist.a position he has stated over and over.the problem arises when people do not even understand the terms he is speaking about,because you are correct lantern,words have meaning and one the precepts of successful propaganda is to change the meanings of words.

we need more people like chomsky who challenge the propaganda and indotcrination.people such as chomsky are not only vital but necessary.

disagree with chomsky's premise all you like but a ad hominems and straw man do not an argument break.

he could be a full blown anarchist who dabbled in black magic but it would not make his words any less true.
just because you do not LIKE what somebody is saying does not make those statements untrue.

where is the flaw in his argument?
what inaccurate statements has he made?
what historical references did he embellish?

please understand lantern i am not attacking you in any fashion.i am simply pointing out that chomsky's work has been rigorously combed over,his sources checked and vetted and found to be exceptional in their execution.

disagree with his conclusions but do so with facts,sources and a well thought out response.
knee jerk emotional arguments make you look ill-informed.

>> ^Yogi:

>> ^coolhund:
I would actually believe it, if I watched too much Fox News and believed that there was no economic crash right before Obama went to office and I was blind and stupid enough to not see that other countries dont fare better (not even Germany) and have very similar changes to that what republicans try to blame on Obama.
I just saw some idiot video on Youtube where someone compared the gas prices from right before Obama went to office to where they are now, of course telling that it will rise and rise much higher with ONLY Obama in office. That under Bush they were actually much higher and dropped to such low numbers before Obama due to a massive economic crisis, was left out.
I understand the right wing propaganda very well. As I said, my thoughts were similar some time ago.

Wait...what are you talking about? Have you seen some of my posts on this site? I'm more Left than anyone on here. Noam Chomsky is Left...he's an Anarcho sydicalist.
I'm not talking about Fox News or right wing propaganda. I'm talking about the most quoted living man, the most important intellectual alive. He says Obama is worse than Bush, I've read about it, I'm saying you should too.


I know how all this right wing propaganda has influenced even leftists. Thats why I dont give a shit. Also because I know Chomsky and hes not very accurate all the time. Because I listened to people like him before, I was so dead wrong. Now I get the facts myself and think by myself. You can quote him all you want. Hes just another guy on one side with his own agenda. Note that he supported Obama 2008, even said people should vote him. Shortly before that he supported an independent candidate. And now hes saying Obama is worse than Bush and even says he said it all along, even before the election, that Obama is worse than Bush.

Yeah, you go ahead and use him as your argument...

>> ^coolhund:

I would actually believe it, if I watched too much Fox News and believed that there was no economic crash right before Obama went to office and I was blind and stupid enough to not see that other countries dont fare better (not even Germany) and have very similar changes to that what republicans try to blame on Obama.
I just saw some idiot video on Youtube where someone compared the gas prices from right before Obama went to office to where they are now, of course telling that it will rise and rise much higher with ONLY Obama in office. That under Bush they were actually much higher and dropped to such low numbers before Obama due to a massive economic crisis, was left out.
I understand the right wing propaganda very well. As I said, my thoughts were similar some time ago.


Wait...what are you talking about? Have you seen some of my posts on this site? I'm more Left than anyone on here. Noam Chomsky is Left...he's an Anarcho sydicalist.

I'm not talking about Fox News or right wing propaganda. I'm talking about the most quoted living man, the most important intellectual alive. He says Obama is worse than Bush, I've read about it, I'm saying you should too.

I can die a happy man, I have seen this version of my favorite commercial. Thank you.

This is one of the most quoted around the house...one, tooWHO, Thureeeeeee, CRUNCH! Thureeeee.