As of Aug. 10, us regular folk can fight back against the Vanguards and Blackrocks....

Strive has a product on the NYSE that fight ESG and wokeness. I am no financial expert or mutual fund guru, just thinking that if I can get enough of you to start purchasing DRLL then my investment will go up. So go make Strive sales reps rich and perhaps kick ESG in the nuts.

Seriously, if someone is a financial know it all, please chime in with your thoughts. I won't cry if you tell me I just messed up.

Expense ratio of .41%… someone is getting rich.

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Expense ration of .41%… someone is getting rich.

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what is that?

It means regardless if the stocks go up or down, Strive gets .41% of your money.

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Expense ratio of .41%… someone is getting rich.

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less than industry average.

sam callahan said:

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Expense ratio of .41%… someone is getting rich.

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less than industry average.

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OP calls out Vanguard whose average is .09, their S&P fund in my 401k is .02.

IndividualFreedom said:

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Expense ration of .41%… someone is getting rich.

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what is that?

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Management fee.

sam callahan said:

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Expense ratio of .41%… someone is getting rich.

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less than industry average.

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Um, no

Manhattan said:

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Expense ratio of .41%… someone is getting rich.

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Yikes. That's quite high. Better have a hell of a track record to justify that.

Oops.

I think Strive is Vivek's new company. It's goal is to become THE right-wing anti-ESG investment company. You're paying for that. Meanwhile, those cheap fees you're paying to Vanguard are going to pushing wokeness on corporations.

I am not calling out Vanguard the mutual fund or whatever it is, I am calling out their politics and their implementation/support of ESG. They might have the greatest expense ratio ever, but they are destroying this nation through weaponizing corporations and private property.

How does expense ratio make one product better than another? I truly do not know. I get that having a lower ratio might highlight the stronger investment firm, but when I purchase the product and then sell it, the expense ratio is not taken out of my earnings. Perhaps, the ER helps a product seem more appealing to the customer?

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but when I purchase the product and then sell it, the expense ratio is not taken out of my earnings

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Yes, it is, and you should probably stop pumping up anything finance related if you don't understand how.

IndividualFreedom said:

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As of Aug. 10, us regular folk can fight back against the Vanguards and Blackrocks....

Strive has a product on the NYSE that fight ESG and wokeness. I am no financial expert or mutual fund guru, just thinking that if I can get enough of you to start purchasing DRLL then my investment will go up. So go make Strive sales reps rich and perhaps kick ESG in the nuts.

Seriously, if someone is a financial know it all, please chime in with your thoughts. I won't cry if you tell me I just messed up.

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Ummm…

https://www.fool.com/investing/how-to-invest/etfs/etf-expense-ratio/

Ok so I learned about expense ratios today..... I can not find where the DRLL expense ratio is, so whoever posted it, do you mind sharing that?

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just thinking that if I can get enough of you to start purchasing DRLL then my investment will go up.

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just a joke.... like my F16 post about DRLL is going to influence the needle even a fraction of a percent. More importantly, we can start somewhat of a fight against the enemy of this nation and it's ESG push. Perhaps the investment is not the greatest. Perhaps someone gets rich from a higher expense ratio. At least someone is out there fighting or at least appears to be.

Go get'em champ.

ESG is a scam. Anyone marketing themselves as the anti-ESG is also a scam. For example the highest grossing ESG fund in Europe the first half of the year had mostly O&G stocks.

You don't have to be a finance bro to know what expense ratios are. It SHOULD be basic financial literacy since it can have a dramatic impact on your retirement. I'd blame that on our horrible education system but any adult should know what it is.

What is "holy ****" worthy is someone who doesn't know what it is pumping an ETF.

RedHand said:

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ESG is a scam. Anyone marketing themselves as the anti-ESG is also a scam. For example the highest grossing ESG fund in Europe the first half of the year had mostly O&G stocks.

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It is my understanding that one of the mechanisms of ESG is to control the boardrooms of companies, especially O&G. It should be no surprise that these funds have substantial O&G holdings.

Calling ESG a scam is understating it. It is a strategy more than a scam.

RedHand said:

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ESG is a scam. Anyone marketing themselves as the anti-ESG is also a scam. For example the highest grossing ESG fund in Europe the first half of the year had mostly O&G stocks.

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ESG is causing terrible allocations of capital that will harm shareholders and companies and make western economies much less competitive

I have chemical plants that are spending tens of millions dollars to capture steam leaks to reduce CO2 that is going to save them $75k a year in efficiencies, that is about a 130 year payback

I didn't realize this thread was here. I did inquire into DRLL on the B&I Forum and got some good feedback if you are interested.
https://texags.com/forums/57/topics/3307986

Come on guys. Any non S&P 500/DJA/NASDAQ tracking fund is going to have an expense ratio higher than ~10 basis points.

IndividualFreedom said:

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Expense ration of .41%… someone is getting rich.

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what is that?

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I'm curious what your age is....

Yes, I am of age where I should have probably have known what an Expense Ratio was. I don't do a ton of trading. I hire people for that. Let me ask all that seem to think I am some idiot, what are the current bag limits and keeper lengths for our Texas Gulf Red Drums, Speckled Trout, and Flounder? If you don't know or have to look it up then some might think you are an idiot.

Listen. I look at expense ratios in every fund I consider. They are important.

But if someone is begrudging a fund manager 41 cents a year for every $100 they manage in a voluntary arrangement between two parties, while simultaneously cheerleading big government policies that erode 10% of purchasing power annually due to inflation and cost tens of dollars per $100 in income in taxes that get wasted, lost and stolen, and endless regulations that erode profits with no net public benefit (and often public harm)...then you can comfortably ignore their criticism as you would from anyone with their head so far up their arse when they blink it tickles their liver.

I think Strive is preying on red blooded. ESG hating American's.

Their press releases and media stories say the O&G industries are under funded due to ESG (true). Their solution is to create an EFT that buys equities in O&G companies. Those are the same companies that are actively traded and included in every institutional energy sector allotments. All of these companies have ESG restrictions.

If they were truly trying to give them middle finger to ESG and invest in O&G companies that can ignore ESG and make larger returns, they would have to do that directly.

The way they are working currently, they are the same as any of those other funds but are charging higher expenses. For example, Fidelity is .084% and Vanguard is .1%. I would gladly pay .41% expense ratio if they were going to invest directly with O&G companies that don't implement ESG. However, Strive is not doing that.

Burry has moved almost every penny he owns and manages to cash.

Manhattan said:

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sam callahan said:

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Expense ratio of .41%… someone is getting rich.

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less than industry average.

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OP calls out Vanguard whose average is .09, their S&P fund in my 401k is .02.

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He called them out for their not being woke. Your point is a non sequitur. The fact that you personally attacked someone yesterday and got no ban is pathetic.

Why buy an ETF that is anti-esg? Instead go buy stock with one of the oil majors with a strong upstream business. It will be a much higher return vs this ETF (oil prices + dividends) and you don't pay a .41% fee which is actually insane since you don't need anyone to manage you in and out of oil companies for anti-esg.

IndividualFreedom said:

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Expense ration of .41%… someone is getting rich.

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what is that?

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Not to get the thread off-course, but just curious how you quoted Manhattan's remark and managed to turn ratio into ration.

The word ration is relevant in my occupation so it kind of jumped off the screen to me.

Carry on.

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I would gladly pay .41% expense ratio if they were going to invest directly with O&G companies that don't implement ESG. However, Strive is not doing that.

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Vivek and Danhof have said this will take time. They are investing against the Trillons of dollars the bad guys have. They are battling for influence through volume in shares. If you notice, the bad guys own about 10% of every company in size. They have also said that, Yes, they will make money. I will gladly help them get filthy wealthy if they can eliminate Chevron from having an ESG Director in the supply chain. Chevron has an ESG Director in the procurement department.

This is a fund marketing technique. They're investing in all the same companies. Probably mirroring existing vanguard fund with a juiced expense ratio.

You're paying a premium to send a message. Not necessarily a bad thing, but this is marketing.

BCG Disciple said:

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This is a fund marketing technique. They're investing in all the same companies. Probably mirroring existing vanguard fund with a juiced expense ratio.

You're paying a premium to send a message. Not necessarily a bad thing, but this is marketing.

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Maybe, but you're also paying for a proxy voter that will vote to boost O&G instead of divestment and Davos policy.

IndividualFreedom said:

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Expense ration of .41%… someone is getting rich.

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what is that?

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Yikes