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Posted: 10/23/2015 2:45:44 PM EST
Around 1% sounded not so much, but Ouch.
I don't think I like this. Please save all the wise guy insults if you can, but I would appreciate any knowledgeable thoughts.
Link Posted: 10/23/2015 10:44:00 PM EST
Have you actually done the rollover? If not, why not put it into something like Fidelity or Vanguard?
Link Posted: 10/27/2015 1:57:33 PM EST
1% is outrageous, that's just what the account manager is taking off the top - pay attention to what the Expense Ratios (ER) of the funds they are sticking you with along with sales loads.

Learn about some basic fundamentals in investing and do it yourself. Check out Bogleheads.org Even a moron can do this themselves for a fraction of what you are paying (0.25% all inclusive).

Some say that not everyone wants to learn and do it themselves, if they realized that they were being robbed blind and having to work significantly longer before retirement because they were too lazy to read a book over a week's time, they might change their mind.
Link Posted: 10/27/2015 5:17:11 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By NickV:
1% is outrageous, that's just what the account manager is taking off the top - pay attention to what the Expense Ratios (ER) of the funds they are sticking you with along with sales loads.

Learn about some basic fundamentals in investing and do it yourself. Check out Bogleheads.org Even a moron can do this themselves for a fraction of what you are paying (0.25% all inclusive).

Some say that not everyone wants to learn and do it themselves, if they realized that they were being robbed blind and having to work significantly longer before retirement because they were too lazy to read a book over a week's time, they might change their mind.
View Quote


http://www.pbs.org/wgbh/pages/frontline/retirement-gamble/

Good video on just that.
Link Posted: 10/27/2015 8:09:54 PM EST
Thanks for the replies, really.
Link Posted: 10/31/2015 2:13:18 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By NickV:
1% is outrageous, that's just what the account manager is taking off the top - pay attention to what the Expense Ratios (ER) of the funds they are sticking you with along with sales loads.

Learn about some basic fundamentals in investing and do it yourself. Check out Bogleheads.org Even a moron can do this themselves for a fraction of what you are paying (0.25% all inclusive).

Some say that not everyone wants to learn and do it themselves, if they realized that they were being robbed blind and having to work significantly longer before retirement because they were too lazy to read a book over a week's time, they might change their mind.
View Quote


Are you an accountant, an attorney or a Insurance Guy?

I ask because what you said is sort of interesting.

Also to the Op, what are you getting for that 1%?

Is it just an asset allocation via modern port theory with re balancing or is there a more complex strategy involved.

I ask because if you were just look at any post on this website you would only think that the only investment products out there were some index funds and ETF's which while similar are not the same at all.

Link Posted: 10/31/2015 2:15:58 PM EST
anybody tried wealthfront.com any better?
Link Posted: 10/31/2015 2:16:27 PM EST
anybody tried wealthfront.com any better?
Link Posted: 11/2/2015 1:31:02 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By midcap:


Are you an accountant, an attorney or a Insurance Guy?

I ask because what you said is sort of interesting.


Also to the Op, what are you getting for that 1%?

Is it just an asset allocation via modern port theory with re balancing or is there a more complex strategy involved.

I ask because if you were just look at any post on this website you would only think that the only investment products out there were some index funds and ETF's which while similar are not the same at all.

View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By midcap:
Originally Posted By NickV:
1% is outrageous, that's just what the account manager is taking off the top - pay attention to what the Expense Ratios (ER) of the funds they are sticking you with along with sales loads.

Learn about some basic fundamentals in investing and do it yourself. Check out Bogleheads.org Even a moron can do this themselves for a fraction of what you are paying (0.25% all inclusive).

Some say that not everyone wants to learn and do it themselves, if they realized that they were being robbed blind and having to work significantly longer before retirement because they were too lazy to read a book over a week's time, they might change their mind.


Are you an accountant, an attorney or a Insurance Guy?

I ask because what you said is sort of interesting.


Also to the Op, what are you getting for that 1%?

Is it just an asset allocation via modern port theory with re balancing or is there a more complex strategy involved.

I ask because if you were just look at any post on this website you would only think that the only investment products out there were some index funds and ETF's which while similar are not the same at all.


I am an Accountant by trade. However I do not do anything professionally that is related it investments or corporate finances for that matter.
Because of my education I can easily calculate what some people pay for "Investment Advisers" and I find it appalling.

I also know that some people don't really have much interest in learning about finances. For those people a 3 fund portfolio makes a lot of sense. You really only have to learn the very basic fundamentals, make a simple plan and execute it with maybe an adjustment annually with no new research necessary. Indexing gives broad exposure to a certain class of investments (mutual fund or ETF).
Another important thing that can be learned is to ignore the ups and down fluctuations. More often than not people end up selling low and buying high.
Link Posted: 11/2/2015 2:20:40 PM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By NickV:

I am an Accountant by trade. However I do not do anything professionally that is related it investments or corporate finances for that matter.
Because of my education I can easily calculate what some people pay for "Investment Advisers" and I find it appalling.

I also know that some people don't really have much interest in learning about finances. For those people a 3 fund portfolio makes a lot of sense. You really only have to learn the very basic fundamentals, make a simple plan and execute it with maybe an adjustment annually with no new research necessary. Indexing gives broad exposure to a certain class of investments (mutual fund or ETF).
Another important thing that can be learned is to ignore the ups and down fluctuations. More often than not people end up selling low and buying high.
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By NickV:
Originally Posted By midcap:
Originally Posted By NickV:
1% is outrageous, that's just what the account manager is taking off the top - pay attention to what the Expense Ratios (ER) of the funds they are sticking you with along with sales loads.

Learn about some basic fundamentals in investing and do it yourself. Check out Bogleheads.org Even a moron can do this themselves for a fraction of what you are paying (0.25% all inclusive).

Some say that not everyone wants to learn and do it themselves, if they realized that they were being robbed blind and having to work significantly longer before retirement because they were too lazy to read a book over a week's time, they might change their mind.


Are you an accountant, an attorney or a Insurance Guy?

I ask because what you said is sort of interesting.


Also to the Op, what are you getting for that 1%?

Is it just an asset allocation via modern port theory with re balancing or is there a more complex strategy involved.

I ask because if you were just look at any post on this website you would only think that the only investment products out there were some index funds and ETF's which while similar are not the same at all.


I am an Accountant by trade. However I do not do anything professionally that is related it investments or corporate finances for that matter.
Because of my education I can easily calculate what some people pay for "Investment Advisers" and I find it appalling.

I also know that some people don't really have much interest in learning about finances. For those people a 3 fund portfolio makes a lot of sense. You really only have to learn the very basic fundamentals, make a simple plan and execute it with maybe an adjustment annually with no new research necessary. Indexing gives broad exposure to a certain class of investments (mutual fund or ETF).
Another important thing that can be learned is to ignore the ups and down fluctuations. More often than not people end up selling low and buying high.


I get where you are coming from now.

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