Why does CIM often recommend The Vanguard Group® ?
Vanguard has a broad array of mutual funds designed to support long-term investing with strictly enforced rules to help protect investors from the costs of inappropriate short-term trading by others. Fund management is monitored so they stay true to the mission as described in the prospectus. Generally international and domestic stocks are not commingled Most investment firms are either publicly traded or privately owned. Vanguard is client-owned. There are no owners or other parties to answer to, and therefore no conflicting loyalties. No one can predict or control market variations. But investment costs can be predicted and controlled, and Vanguard has the lowest cost in the mutual fund industry by far.
