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Fidelity, Schwab, and Vanguard are competing hard to earn your business, but there is another investing firm to watch out for. Find out all the details later in this email. |
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💵 Today’s Top Stories |
| | Is your auto insurance company on the best or worst list? Here are the latest rankings and Clark’s advice. Read more. |
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| | Neither of the popular game shows has ever been available to stream on demand in-season – until now. Find out when they’ll be available and on what platforms. Read more. |
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| | Rental car companies are as “them vs. us” adversarial as they’ve ever been, Clark says. They’re using this scary AI technology that’s likely to rip people off, but you can protect yourself. Read more. |
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| | Pharmacists are human and sometimes make mistakes. These simple steps could save your life one day. Read more. |
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| | It costs five figures a year to attend college, even for public in-state students. And prestigious brand-name schools can go much higher. Scholarships can cut the price tag big-time. Read more. |
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🏠️ Today’s Current Mortgage Rates |
According to Freddie Mac, 30-year mortgage rates are 6.84% and 15-year rates are 5.97% as of June 12, 2025. The following chart shows the 30-year mortgage rate trend over the last year. |
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Refi Info | Mortgage Refi Calculator |
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💵 Fidelity, Schwab, Vanguard Still Competing on Price, Features |
Clark’s three favorite “children” for investing can’t remain the best forever, right? |
With many billions, even trillions, of dollars of assets under management at stake at each of the largest investment companies, powerful market incentives exist to undercut, innovate or out-compete Fidelity, Schwab and Vanguard for market share. |
Robinhood is perhaps the biggest challenger at the moment. It has endured its share of controversies but nearly became a member of the S&P 500 recently after another period of rapid growth. |
However, don’t think the once-upstart Big Three, now legacies, are resting on their laurels. Somehow they continue to find ways to slash fees and offer more features. |
Schwab, our favorite company for ETFs, just slashed prices on four funds that reportedly will undercut Vanguard’s equivalent fund prices by 25%, which is extremely hard to do. The moves will cost Schwab almost $20 million in annual revenue. |
But Schwab finally has absorbed and integrated TD Ameritrade, a historic acquisition. According to RIABiz, “Schwab’s incentive to reduce ETF fees to appease [Registered Investment Advisors] may be higher in the aftermath of acquiring 7,000 advisors through its TDA acquisition. Mergers create dislocation of clients.” |
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📊 Stat of the Day |
🎭️ $1.9 million: The average weekly take for Broadway musical Hamilton, which is approaching its 10th anniversary and show number 3,500. Right now it claims eight shows a week (always sold out) at an average price of about $180. Total revenue in a decade: more than $1 billion. |
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💰️ Deal Alert: Today’s Top Deals |
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🎙️ Podcast |
 | Full Show: Clark Stinks! and Home Hack To Stop Porch Pirates |
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It’s time for "Clark Stinks!" Christa reads the latest "Clark Stinks!" submissions and Clark responds. Also, porch pirates are a plague, especially during busy shopping seasons. Clark has long talked about solutions like Amazon lockers and video doorbells, but there’s new technology that’s finally a real solution to stop porch pirates. |
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☎️ Need Money Help? |
The Team Clark Consumer Action Center is a free helpline that can help you navigate your money questions. Call 636-492-5275. Visit clark.com/cac for more information. |
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