Vanguard Raises Fees, What is "Velocity Banking," and Crypto Yielding 19.55 Percent! SB1553
1Description
One of the world's largest money management companies is raising fees AND has a new CEO from a competing firm. Are times a-changin' at Vanguard? We'll dive into all of the behind-the-scenes action, and discuss how this just might affect your wallet. Of course, we'll widen the argument for those of you NOT at Vanguard. If your money is with another firm, what happens when there's a change at the top? What should you look out for when it comes to prudently deciding whether it's time to move your nest egg?
Plus, in our TikTok minute, one crypto is paying a walloping 19.55 percent! Cowabunga! Should you back the truck up and shovel money in? We'll share our thoughts.
And we take a call from a Stacker wondering what "Velocity Banking" is all about? How does it work, and if you can use this method to pay off your loans faster, should you jump in?
All of that AND Doug's trivia on today's show!
FULL SHOW NOTES: https://stackingbenjamins.com/vanguard-changing-course-1553
Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201
Enjoy!
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