Wednesday, March 13, 2013

Banks are for Suckers

Credit Unions vs. Banks is a lot like Exchange Traded vs. Mutual Funds.  All the advantages/benefits are on one side, yet most of the money is on the other. 

Related: I looked at Vanguard's compare/contrast between ETFs and seems that the "difference" is mostly the name (and which one your plan lets you get).

Finance is weird.  There is no reason for most fees/costs other than scamming/siphoning and other fraud, yet the vast majority of people (really, money) who participate do so via the worse options.  I don't get it.  Why would any sane person keep their paycheck at Chase when some local credit union is going to give them better rates and service?

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