User Panel
User Panel
User Panel
|
Posted: 9/3/2016 2:51:38 AM EDT
[#1]
Do you have anything (investments) anywhere else?
It doesn't really matter where it is unless you are trying to invest in something that isn't offered by the firm you're at and/or their management fees are excessive. |
|
|
|
Posted: 9/3/2016 3:57:13 AM EDT
[#2]
15K in a separate 401K. My contributions there are maxed out and matched every year.
I guess it would be important to note, I am 28. I am not that far behind in where my retirement accounts should be. |
|
|
|
Posted: 9/3/2016 6:49:01 AM EDT
[#3]
I wouldn't worry about moving it unless you are unhappy with EJ.
|
|
|
|
Posted: 9/3/2016 8:25:34 AM EDT
[#4]
The fact Edward Jones keeps getting sued by customers concerns me. I'm not sure how I feel about their ethical violations.
|
|
|
|
Posted: 9/3/2016 10:00:11 AM EDT
[#5]
Quote HistoryQuoted:
The fact Edward Jones keeps getting sued by customers concerns me. I'm not sure how I feel about their ethical violations. Examples? |
|
|
|
Posted: 9/3/2016 11:34:15 AM EDT
[#6]
There's not much they can do wrong with an IRA.
Vanguard has among if not the lowest expense ratios. |
|
|
|
Posted: 9/3/2016 7:59:06 PM EDT
[#7]
Quote HistoryQuoted:
The fact Edward Jones keeps getting sued by customers concerns me. I'm not sure how I feel about their ethical violations. Anyone can sue. Maybe you should form an opinion first rather than switching bc you arent sure? My company switched so i didnt get a choice. |
|
|
|
Posted: 9/3/2016 9:23:25 PM EDT
[#8]
Quote HistoryQuoted:
Examples? Quote HistoryQuoted:
Quoted:
The fact Edward Jones keeps getting sued by customers concerns me. I'm not sure how I feel about their ethical violations. Examples? www.investmentnews.com/article/20160822/FREE/160829991/edward-jones-faces-proposed-class-action-lawsuit-over-excessive-401 |
|
|
|
Posted: 9/3/2016 9:25:11 PM EDT
[#9]
Quote HistoryQuoted:
Anyone can sue. Maybe you should form an opinion first rather than switching bc you arent sure? My company switched so i didnt get a choice. Quote HistoryQuoted:
Quoted:
The fact Edward Jones keeps getting sued by customers concerns me. I'm not sure how I feel about their ethical violations. Anyone can sue. Maybe you should form an opinion first rather than switching bc you arent sure? My company switched so i didnt get a choice. I've had them for over 4 years. I've watched them be sued a few times. On the flip side my aivsx investment is doing well. Funny, everyone hates on their American funds. Then when I bring up how to switch and who to switch too, they get defended. I'm confused. |
|
|
|
Posted: 9/3/2016 9:35:31 PM EDT
[#10]
Quote HistoryQuoted:
I've had them for over 4 years. I've watched them be sued a few times. On the flip side my aivsx investment is doing well. Funny, everyone hates on their American funds. Then when I bring up how to switch and who to switch too, they get defended. I'm confused. Quote HistoryQuoted:
Quoted:
Quoted:
The fact Edward Jones keeps getting sued by customers concerns me. I'm not sure how I feel about their ethical violations. Anyone can sue. Maybe you should form an opinion first rather than switching bc you arent sure? My company switched so i didnt get a choice. I've had them for over 4 years. I've watched them be sued a few times. On the flip side my aivsx investment is doing well. Funny, everyone hates on their American funds. Then when I bring up how to switch and who to switch too, they get defended. I'm confused. Again, being sued means nothing. Large companies get sued all of the time. If you agree with the lawsuits and believe that edward jones was unethical, then that's fair, you should find another company. "They got sued for being unethical" and "I believe they are an unethical company" are two completely different things. I was kind of happy they dropped our plan and moved it to john hancock. I wasn't terribly impressed with my local edward jones guy and their fees on buying funds were too high. Killed me to pay that much so I only did the employer match. |
|
|
|
Posted: 9/3/2016 9:52:32 PM EDT
[#11]
Quote HistoryQuoted:
15K in a separate 401K. My contributions there are maxed out and matched every year. I guess it would be important to note, I am 28. I am not that far behind in where my retirement accounts should be. Jump over to Bogleheads if you want a real kick in the dick. It's like the GD of financial success and wealth planning. |
|
|
|
Posted: 9/4/2016 12:40:08 AM EDT
[#12]
Quote HistoryQuoted:
Jump over to Bogleheads if you want a real kick in the dick. It's like the GD of financial success and wealth planning. Quote HistoryQuoted:
Quoted:
15K in a separate 401K. My contributions there are maxed out and matched every year. I guess it would be important to note, I am 28. I am not that far behind in where my retirement accounts should be. Jump over to Bogleheads if you want a real kick in the dick. It's like the GD of financial success and wealth planning. I might have to do this 
|
|
|
|
Posted: 9/4/2016 10:58:53 PM EDT
[#13]
Do you have money in other areas like 401k or other taxable savings? If you are well off in those areas you can always use this as your tax free stock play ground.
:) |
|
|
|
Posted: 9/5/2016 1:51:38 PM EDT
[#14]
Look at expenses. A full service broker might be eating gains up, especially in a bad year. See if your fund, after expenses, has outperformed the total market on a ten years average. If not, I see no reason to stay with them.
|
|
|
|
Posted: 9/8/2016 11:37:34 AM EDT
[#15]
Money in a 401k account that has performed easily into 8% over the last 5 years. It is currently sitting at 20k ish.
|
|
|
|
Posted: 9/9/2016 1:36:22 PM EDT
[#16]
Quote HistoryQuoted:
www.investmentnews.com/article/20160822/FREE/160829991/edward-jones-faces-proposed-class-action-lawsuit-over-excessive-401 Quote HistoryQuoted:
Quoted:
Quoted:
The fact Edward Jones keeps getting sued by customers concerns me. I'm not sure how I feel about their ethical violations. Examples? www.investmentnews.com/article/20160822/FREE/160829991/edward-jones-faces-proposed-class-action-lawsuit-over-excessive-401 Eh, those are 401k accounts, not IRAs. As said above, filing suit means nothing. We have Edward Jones and have been pretty happy with our service. Yes, the buying/selling fees can be a little higher but EJ is not a "trading house". Their model is for the long term. |
|
|
|
Posted: 9/15/2016 10:21:12 PM EDT
[#17]
Quote HistoryQuoted:
Eh, those are 401k accounts, not IRAs. As said above, filing suit means nothing. We have Edward Jones and have been pretty happy with our service. Yes, the buying/selling fees can be a little higher but EJ is not a "trading house". Their model is for the long term. Quote HistoryQuoted:
Quoted:
Quoted:
Quoted:
The fact Edward Jones keeps getting sued by customers concerns me. I'm not sure how I feel about their ethical violations. Examples? www.investmentnews.com/article/20160822/FREE/160829991/edward-jones-faces-proposed-class-action-lawsuit-over-excessive-401 Eh, those are 401k accounts, not IRAs. As said above, filing suit means nothing. We have Edward Jones and have been pretty happy with our service. Yes, the buying/selling fees can be a little higher but EJ is not a "trading house". Their model is for the long term. lol....go back and read why they are getting sued. It's from their own employees because of limited choices on the platform because at jones you pay to play to get in the door. It's called revenue sharing, they were sued in the the early 2000s along with american funds because of not disclosing it. EJ settled, they disclose it now. For the longest time they had div trips, in which if the broker wanted to go on one, they had to sell a certain amount of each category of investment. I.E. aggressive, growth, growth and income, income, tax free income. I am not bad mouthing them, they served me well at one point in time, but they are the walmart/off the rack suit of investing. |
|
|
|
Posted: 9/15/2016 10:22:55 PM EDT
[#18]
Quote HistoryQuoted:
Do you have anything (investments) anywhere else? It doesn't really matter where it is unless you are trying to invest in something that isn't offered by the firm you're at and/or their management fees are excessive. he doesn't have enough for Advisory accounts even with their new lower mins. He probably has the $40 dollar annual fee and he had to have paid a commissions at some point. |
|
|
|
Posted: 9/29/2016 10:17:30 AM EDT
[#19]
Quote HistoryQuoted:
Money in a 401k account that has performed easily into 8% over the last 5 years. It is currently sitting at 20k ish. What 401k are you in? I've got a 401k thru work that is sucking arse. Nothing close to 8% anytime in recent memory. |
|
|
|
Posted: 9/29/2016 10:27:27 AM EDT
[#20]
Quote HistoryQuoted:
What 401k are you in? I've got a 401k thru work that is sucking arse. Nothing close to 8% anytime in recent memory. Quote HistoryQuoted:
Quoted:
Money in a 401k account that has performed easily into 8% over the last 5 years. It is currently sitting at 20k ish. What 401k are you in? I've got a 401k thru work that is sucking arse. Nothing close to 8% anytime in recent memory. 401k is just a type of account, you can buy a lot of different stocks, mutal funds, bonds, etc in that account or even leave it as cash. Most 401k accounts have tons of good options but a few of them are bad and have limited options. You should review what you hold in that account and see if it's keeping pace with the market. Example, we were using an edward jones 401k. There are probably 500 billion different ways I could balance that account between a million different investment combinations. |
|
|
|
Posted: 9/29/2016 10:43:02 AM EDT
[#21]
I was in the business for close to 15 years. (Not with EJ)
I would not worry too much about EJ unless you think you can do better on your own without the fees. That means staying on top of it and doing research. If you don't think you will do that then don't switch out of it unless you have an issue with EJ or the representative. Do you meet with your EJ guy on any regular basis to evaluate? The ones who blew off meetings and didn't bother to stay on top of their accounts were the ones who bitched the most when the market went through rough patches..... If you can afford to add money to it, It will start to look better. 8% of a small number looks like shit when compared to a larger number. I know you know that but it is still they way many people subconsciously view it. Roth is a different bucket than the 401k when it comes to taxes. If you can afford to have both you and contribute to them you will probably be happy with it when retirement time comes. |
|
|
|
Posted: 9/29/2016 10:43:47 AM EDT
[#22]
Quote HistoryQuoted:
What 401k are you in? I've got a 401k thru work that is sucking arse. Nothing close to 8% anytime in recent memory. Quote HistoryQuoted:
Quoted:
Money in a 401k account that has performed easily into 8% over the last 5 years. It is currently sitting at 20k ish. What 401k are you in? I've got a 401k thru work that is sucking arse. Nothing close to 8% anytime in recent memory. you need to talk to someone about getting your allocation right for you. Even in the absolutely worse 401ks I have seen, there is at least somthing you can do. |
|
|
|
Posted: 9/29/2016 10:45:27 AM EDT
[#23]
Quote HistoryQuoted:
I was in the business for close to 15 years. (Not with EJ) I would not worry too much about EJ unless you think you can do better on your own without the fees. That means staying on top of it and doing research. If you don't think you will do that then don't switch out of it unless you have an issue with EJ or the representative. Do you meet with your EJ guy on any regular basis to evaluate? The ones who blew off meetings and didn't bother to stay on top of their accounts were the ones who bitched the most when the market went through rough patches..... If you can afford to add money to it, It will start to look better. 8% of a small number looks like shit when compared to a larger number. I know you know that but it is still they way many people subconsciously view it. Roth is a different bucket than the 401k when it comes to taxes. If you can afford to have both you and contribute to them you will probably be happy with it when retirement time comes. lol....this is true. They are the same people who complain when they have to pay a fee despite you saved their asses from a 40%+ draw down in the market. 
|
|
|
|
Posted: 9/29/2016 10:56:27 AM EDT
[#24]
Quote HistoryQuoted:
lol....this is true. They are the same people who complain when they have to pay a fee despite you saved their asses from a 40%+ draw down in the market. Quote HistoryQuoted:
Quoted:
I was in the business for close to 15 years. (Not with EJ) I would not worry too much about EJ unless you think you can do better on your own without the fees. That means staying on top of it and doing research. If you don't think you will do that then don't switch out of it unless you have an issue with EJ or the representative. Do you meet with your EJ guy on any regular basis to evaluate? The ones who blew off meetings and didn't bother to stay on top of their accounts were the ones who bitched the most when the market went through rough patches..... If you can afford to add money to it, It will start to look better. 8% of a small number looks like shit when compared to a larger number. I know you know that but it is still they way many people subconsciously view it. Roth is a different bucket than the 401k when it comes to taxes. If you can afford to have both you and contribute to them you will probably be happy with it when retirement time comes. lol....this is true. They are the same people who complain when they have to pay a fee despite you saved their asses from a 40%+ draw down in the market. Yup. That too. None of my accounts ever went down more than 10% -15% even during the shit storm in 2008 but the ones who blew off my calls were the ones who got hit the hardest. In the end, even their accounts came back and made money though. As long as we don't have full economic collapse investing is the way to go. Good to see OP doing something because a lot of people don't. |
|
|
|
Posted: 9/29/2016 11:05:15 AM EDT
[#25]
Quote HistoryQuoted:
Yup. That too. None of my accounts ever went down more than 10% -15% even during the shit storm in 2008 but the ones who blew off my calls were the ones who got hit the hardest. In the end, even their accounts came back and made money though. As long as we don't have full economic collapse investing is the way to go. Good to see OP doing something because a lot of people don't. Quote HistoryQuoted:
Quoted:
Quoted:
I was in the business for close to 15 years. (Not with EJ) I would not worry too much about EJ unless you think you can do better on your own without the fees. That means staying on top of it and doing research. If you don't think you will do that then don't switch out of it unless you have an issue with EJ or the representative. Do you meet with your EJ guy on any regular basis to evaluate? The ones who blew off meetings and didn't bother to stay on top of their accounts were the ones who bitched the most when the market went through rough patches..... If you can afford to add money to it, It will start to look better. 8% of a small number looks like shit when compared to a larger number. I know you know that but it is still they way many people subconsciously view it. Roth is a different bucket than the 401k when it comes to taxes. If you can afford to have both you and contribute to them you will probably be happy with it when retirement time comes. lol....this is true. They are the same people who complain when they have to pay a fee despite you saved their asses from a 40%+ draw down in the market. Yup. That too. None of my accounts ever went down more than 10% -15% even during the shit storm in 2008 but the ones who blew off my calls were the ones who got hit the hardest. In the end, even their accounts came back and made money though. As long as we don't have full economic collapse investing is the way to go. Good to see OP doing something because a lot of people don't. You are right, I always laugh at when people give me the line, "well every body lost in 2008", I am like nope, just because your account sucked hard doesn't mean everyone else's accounts did the same. Then you try and show them how you do what you do and they don't believe it, like it's some kind of witch craft.
Yep I am glad to see the Op is taking the bull by the horns, because most people just bitch and complain and do nothing but get pissed and then go and pull their money out and put it in a CD and cry in the corner about how their CD isn't paying any interest. |
|
|
Win a FREE Membership!
Sign up for the ARFCOM weekly newsletter and be entered to win a free ARFCOM membership. One new winner* is announced every week!
You will receive an email every Friday morning featuring the latest chatter from the hottest topics, breaking news surrounding legislation, as well as exclusive deals only available to ARFCOM email subscribers.
AR15.COM is the world's largest firearm community and is a gathering place for firearm enthusiasts of all types.
From hunters and military members, to competition shooters and general firearm enthusiasts, we welcome anyone who values and respects the way of the firearm.
Subscribe to our monthly Newsletter to receive firearm news, product discounts from your favorite Industry Partners, and more.
Copyright © 1996-2024 AR15.COM LLC. All Rights Reserved.
Any use of this content without express written consent is prohibited.
AR15.Com reserves the right to overwrite or replace any affiliate, commercial, or monetizable links, posted by users, with our own.
