proxy voting help!

Financial Planning - Financial planning in general. (Moderated) 

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Subject Author Date proxy voting help! cporro 06-16-2009  Re: proxy voting help! Igor Chudov 06-16-2009  Re: proxy voting help! PeterL 06-17-2009  Re: proxy voting help! Yadda 06-17-2009  Re: proxy voting help! BreadWithSpam 06-17-2009  Re: proxy voting help! Yadda 06-17-2009  Re: proxy voting help! chris porro 06-17-2009
Posted by cporro on June 16, 2009, 5:31 pm i searched and didn't find much here on the topic, so i'm posting. i own 3 index funds through vangaurd. for the first time that i recall in 9 years they are asking me to proxy vote. they seem very encouraging. "vote no matter how many shares you have", vote to avoid "expensive 2nd proxy mailing". ok, i want to vote. i live in ca and i vote in almost every election. problem is i have no idea who these trustees are and the boards recommendations are so vague they are meaningless. in most states you get a voter info packet. here you get one with everything on the ballot, a short description (1-3 pages), a longer legal one, definitions of terms, and arguments for and against. i throw out all the flyers in our door, don't read the arguments, but do read the 1-3 summery. i feel i make much better decisions that way. how do people figure out this proxy stuff? it's a complete joke as far as i can see. hey you want to have what's behind box #1 or box #2? Posted by Igor Chudov on June 16, 2009, 5:48 pm Someone submitted an inane shareholder proposal that requires certain Vanguard index funds to not invest into companies "supporting Somalian genocide". The reason why Vanguard wants you to vote is to defeat this proposal. I agree with Vanguard, as determining who is and who is not supporting the "genocide" is very difficult, ambiguous and costly. You can call Vanguard at 1-800-VANGUAR and ask them to assist you with voting. They will forward your call to a vote counting firm, where you can select to vote with management. This is what I did. ix Posted by PeterL on June 17, 2009, 10:53 am > i searched and didn't find much here on the topic, so i'm posting. > > i own 3 index funds through vangaurd. for the first time that i recall > in 9 years they are asking me to proxy vote. they seem very > encouraging. "vote no matter how many shares you have", vote to avoid > "expensive 2nd proxy mailing". > > ok, i want to vote. i live in ca and i vote in almost every election. > problem is i have no idea who these trustees are and the boards > recommendations are so vague they are meaningless. > > in most states you get a voter info packet. here you get one with > everything on the ballot, a short description (1-3 pages), a longer > legal one, definitions of terms, and arguments for and against. i > throw out all the flyers in our door, don't read the arguments, but do > read the 1-3 summery. i feel i make much better decisions that way. > > how do people figure out this proxy stuff? it's a complete joke as far > as i can see. hey you want to have what's behind box #1 or box #2? Frankly for most of us small timers you votes means nothing. It's the big institutions that hold the voting powers. Posted by Yadda on June 17, 2009, 5:07 pm > > Frankly for most of us small timers you votes means nothing. It's the > big institutions that hold the voting powers. > Institutional Investing should be banned. It creates most of the problems. Employees etc should be able to opt-out and retain the monies that would go into the "pool". Persons need to take more responsibility for managing personal money. Posted by on June 17, 2009, 6:16 pm > > Frankly for most of us small timers you votes means nothing. It's > > the big institutions that hold the voting powers. > Institutional Investing should be banned. It creates most of the > problems. Employees etc should be able to opt-out and retain the Mutual funds are a form of institutional investing. Are you saying that folks should only be able to buy individual stocks? And that those companies shouldn't be able to buy shares in other companies? -- Plain Bread alone for e-mail, thanks. The rest gets trashed. No HTML in E-Mail! -- http://www.expita.com/nomime.html Are you posting responses that are easy for others to follow? http://www.greenend.org.uk/rjk/2000/06/14/quoting Similar Threads Posted proxy voting June 17, 2009, 5:37 pm