Proxy voting lets you influence certain corporate decisions for your individual stock holdings!

Key Takeaways

Hey, what do you and Dave want on your pizza? >> Pepperoni for me and Dave says I can just decide for him. >> So, you're basically his proxy. >> His what? >> A proxy is basically when someone votes or decides on your behalf. That's you in this case. And it turns out this can happen with some of your Vanguard investments, too. Let's just ask Alexa. >> I have so many questions. Investments? Alexa? >> When you own shares of a company, you get a say in certain corporate decisions. Things like mergers, acquisitions, or executive compensation packages. That's called proxy voting. >> Previously, investors could only proxy vote if they owned stocks directly, but in 2023, Vanguard launched Investor Choice so that index fund investors can make their voices heard, too. If you invest in select Vanguard index funds with Vanguard Investor Choice, you can choose a voting policy to match your views with your voice, and that policy determines how your shares vote. And now you can access that through any Alexa-enabled device. I'll show you. Alexa, take me to Vanguard Investor Choice. >> Here's Vanguard Investor Choice. Would you like to receive a link to the Vanguard Investor Choice webpage or learn more about the program? You can say link or learn more. >> Basically, you can use Alexa shortcut to learn more about Vanguard Investor Choice and receive a direct link to enroll. By selecting a policy through the Investor Choice webpage, you can have a voice on corporate governance on things like board member selection or executive compensation. It's your shares, it's your voice, and it's easy with Vanguard Investor Choice. >> Wow, cool. Thanks. I didn't know a pizza topping could teach me this much. Oh, yeah. So, what did Dave want again?