Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#31
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I have accounts at both Vanguard and Fidelity as well as USAA. Several years ago USAA transferred its back office function to the Fidelity back office.
While there is a slight difference in expenses for funds, thanks to Vanguard, fund expenses at Fido are low and competitive, Espically if you are not looking at actively managed funds. The main difference I see is that when you deal with Fido you need to be on guard for sales pitches. If you can guard yourself from being sold an actively managed fund with a higher expense ratio, both are good. Fidelity has better research and when I have had service type issues Fido is also better. |
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#32
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Vanguard is the best. Financial investing is not complicated, contrary to what financial advisors want you to think. For most investors, put your money into no-load indexed mutual funds (30 percent in the S&P 500 or total stock market, 40 percent in short and intermediate term bonds, and 30 percent in cash). Over time, you will make a lot of money, and won't need to pay for any "research" or commissions. Just my 2 cents worth.
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#33
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..........
Last edited by Boomer; 02-21-2017 at 07:23 AM. |
#34
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I'll give it a try.
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#35
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Re:vanguard-fidelity-t.rowe
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you can call FIDELITY 24 hours a day 7 days a week. Should you call Vanguard or T. Rowe you will get a recording that is monday to fri 9-5. RECENT EXPERIENCE WITH VANGUARD-I have a small INHERITED IRA that thanks to the government I am forced to take money out every year. I wanted to put half of what I estimate I will be forced to withdraw for 2017 and put it into a CASH MONEY MARKET. I WAS TOLD YOU NEED TO HAVE 3,000 TO OPEN UP ANY NEW ACCOUNT POSITION. TRUTH BE TOLD, I HAD A MONEY MARKET FUND IN THIS INHERITED IRA. I HAD ASKED THE PERSON AT VANGUARD IF I SHOULD LEAVE A SMALL BALANCE IN THE ACCT JUST TO KEEP IT OPENED AND I WAS TOLD THERE IS NO REASON, Re: That article about conflict of interest at FIDELITY It was interesting and I had seen it before your posting it. HAVE YOU EVER GOTTEN THE IPO PRICE AT T.ROWE OR VANGUARD? IF, IT GOES DOWN FROM THE IPO PRICE YOU WILL OF COURSE GET IT. THE IPO PRICE GOES TO THE INSIDERS. IS THAT FAIR? LIFE IS NOT FAIR. ASIDE-WE KEEP HEARING AND READING BUFFET LIKE. FYI BUFFET AND PEOPLE WITH HIS MONEY DO NOT EVEN SWIM IN THE SAME MARKET WITH WE THE UNWASHED MASSES. The good news is intense competition and easy access to information on the internet has made investing far less expensive for the investors. |
#36
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You might be making several mistakes
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Your view seems to be based on a book titled, THE SMARTEST INVESTMENT BOOK YOU'LL EVER READ," by Daniel Solin. In 2007 when the market tanked. bonds tanked and stocks tanked GOLD did well and CASH at least did not go down. HINDSIGHT IS ALWAYS 20/20. We a living in a time where our government is MANIPULATING WEALTH. They even tell you they WANT 2% INFLATION. Even the inflation rate is MANIPULATED. REAGAN controlled inflation because he took the two items rising the fastest at the time out of the calculation- fuel and housing. QUANTITATIVE EASING-folks that is buying your own debt with PRINTED MONEY. The stock market is up because OUR GOVERNMENT does not give you any other place to put your SAVINGS and get a HISTORICALLY NORMAL RETURN. That 2% inflation target-why does the government need this? Inflation makes it possible for the debtor to pay back with less valuable money. OUR GOVERNMENT OWES TWENTY TRILLION BUCKS. At 2% inflation your SAVINGS will need to double in 36 years to buy the same merchandise and services. |
#37
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For my 2 cents worth
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They are both available as ADMIRALTY SHARES. If, you have minimum of 50.000 int the fund you can get ADMIRALTY SHARES same fund but the management fee drops by about 1/3. RE: ADMIRALTY SHARES. BASED ON MY EXPERIENCE, VANGUARD DOES NOT AUTOMATICALLY SHIFT YOU TO THE LOWER MANAGEMENT GROUP AND THEY CERTAINLY DO NOT ADVISE YOU THAT IF YOU WERE TO PUT ANOTHER .......... INTO YOUR HOLDING YOU WILL THEN BE ELIGIBLE FOR THE LOWER FEES. Wellington is roughly 60% stocks and 40% bonds. Wellesley is roughly 40% stocks and 60% bonds so if you are looking for say a 50/50 mix the math is fairly simple as to how much of each you need to hold. |
#38
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Depends on the product of interest to the investor... If bonds are your interested investment... they are the largest in the country in regards to selections, time periods etc. even better than Schaub Investments.. If you find a Vanguard Office within 1000 miles of The Villages let of all know about it... I am a fan of both Vanguard and Fidelity... each has its own good points and bad... Thanks to both for being available to us... O you can buy mostly all funds, stocks etc at Fidelity and have one statement at the very same charges even if they are Vanguard funds.. Now that is a good point you have to admit... really at tax time for the accountant. Now don't think for one minute that Vanguard became one of the best and largest investment firms in the world by sending you all their profits back to you the investor.. and I figured this point out over a free cup of coffee at the Fidelity Office... Did I mention many also have invites to
4 & 5 star Hotels for dinners and speakers with no fees etc.. just a nice evening that just might cost $$$$ and free... still awaiting invites from Vanguard... Now as I mentioned I also like Vanguard... room for all... otherwise the Lobby at Fidelity would be full. |
#39
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Not based on experience but
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I don't believe you have any INSURANCE what you have is these large companies wishing to protect their hard earned goodwill. Not sure what and when it changed but years ago before you placed an order for a fund or........, you would be sent a copy of the prospectus, you would SIGN an application and it would outline the companies responsibility and that you have read and understand same. If, I recall, FROM MANY YEARS AGO, you have agreed to arbitration. The trouble is the arbitrator is paid by the company so is not working for you. CONGRATULATIONS YOU ARE ONE OF VERY FEW THAT WONDER ABOUT YOUR RIGHTS. I do not know the whole story but someone we know INVESTED? with MADDOFF. When, that scam went bust this person got back most if not all of the money he had put in. I BELIEVE part of the money came from a fund that the brokers are forced to contribute to. |
#40
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thanks
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So where as I have admiralty shares for wellington in my IRA they will not consider that on my inherited IRA which has no where near the 50,000. I was surprised to learn and confirm that you only need 10,000 in VFIAX for ADMIRALTY SHARES. I will investigate further and decide what I want to do |
#41
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Re: Having 28 funds
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I perhaps read too much and remember too many things I have read but not where I read them. There are actually more different stock funds than there are different stocks. Obviously, out of the 28 funds you mentioned there is a tremendous overlap of them holding the same stocks. Apple is currently the largest stock company in the US-perhaps, in the world-I'm not certain about the second point. Surely APPL is in many of the 28 funds you own. Also, for you to follow what the MANAGER is doing is actually DELIBERATELY IMPOSSIBLE. He probably does not report it except 1/4 ly by then he has already done it and if the stock has in fact gone up you are paying the higher price. Any of these stock gurus. If, they have enough followers-SUCH AS CRAMER, they can actually move stocks. I do not recall his name but the manager of the FIDELITY MAGELLAN fund was famous for beating the competition. He was fined or jailed for getting on TV and predicting some stock would go up while he was selling into the market he manipulated into going up. IF, YOU THINK THIS GAME IS FAIR, YOU WILL QUICKLY DISCOVER YOU ARE ONLY THE BAIT FOR THE BIG FISH. YOU HEAR BUFFET LIKE OUT OF THE MOUTHS OF FAR TOO MANY. BUFFET DOES NOT EVEN BUY IN THE SAME MARKET WITH YOU AND I. I recall reading somewhere that to have a balanced, stock portfolio you would need FOUR ETFS-large cap, small cap, medium cap and foreign index |
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