Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#46
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#47
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You guys are getting way too complicated for me. I was in mutual funds since the early 80's, usually T.Row Price, Fidelity and Vanguard. I didn't like the idea that I couldn't get the buy price I wanted. Instead I had to get the price at the end of the trading day, and selling likewise. I also didn't like the idea that I had to keep a fund for a certain time so not to violate their frequent trading policies.
I got out of mutual funds completely and into dividend stocks. I only buy mostly large cap stocks that have been paying an increasing dividend for many years. I now own 19 stocks that pay anywhere from 3.5 to 6.0 % and am reinvesting them. It's nice to watch the stock market go up and down and be getting paid while waiting. Since buying dividend stocks, I have sold 3 stocks because they went up to the point that I couldn't pass up the profit. I sold another one at a loss because it looked like a bad decision. Turned out it would have been better to keep it. All but 3 of my stocks are up since I've bought them and I am way ahead of where I would have been with mutual funds. I like to keep it simple and if I don't understand something I won't get into it. I created a watch list of stocks that look good to me, set a price where I want to get in and wait for a bad day in the market to buy. Works for me.
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Les |
#48
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Using Vangard and let my guy take care of it
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Do not worry about things you can not change |
#49
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#50
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My 401K is for my income. For this reason I went with the Prudential Income For Life annuity. 5% guarantee and locks me in to my highest Daily Market Value. Fees are reasonable and I know I am not going to lose my income.
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#51
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That's why the other discussion pertaing to using the annuity of Social Security (by deferring its start) makes sense. Not only is the return higher than traditional annuities, but also it has built in COLA adjustments. |
#52
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Fidelity had a net outflow of more than 45 billion dollars since 2010 because of troubles pertaining to their funds. Vanguard had a 2 billion inflow.
Customers Dump Funds, Fidelity Asks Managers 'What's Going On? - US Business News - CNBC |
#53
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But I'm sure you agree that past performance is no guarantee of future income.
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#54
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I would use VG.
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#55
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Back in the early seventies I was using Fidelity. It seemed they were splitting trades to garner more commissions. After I contacted them and dealt with a belligerent rep I moved my account elsewhere. Now I use Vanguard, Ameriprise and Schwab and am reasonably content with them all.
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"No one is more hated than he who speaks the truth." Plato “To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine |
#56
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If you are an active investor and know what you are doing, then maybe individual funds are for you but I dont want to spend the time on research (doing other things in the Villages) so I am a passive investor. The Vanguard VOO.IV S&P-500 Index Fund for long term in my opinion is the best bang for the buck.
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#57
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MV |
#58
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There is another firm that deals exclusively in index funds for the long term, Portfolio Solutions....Low Fee Investment Manager, Low Cost Investment Advisor | Portfolio Solutions Their cost is about 1/2 that of Vanguard Asset Management..... 70 basis points vs. 34 basis points for accounts over 1 million (assuming you are looking for portfolio management). For accounts under 1 million, the fee is based on a different percentage of assets under management. They do not hold your funds... Schwab does. They also have a fiduciary responsibility.
Very similar to Vanguard, in fact 1/2 their portfolios are Vanguard products. They also use Dimensional Index Funds and Index ETFs. Worth a look if you are seeking help with portfolio management. If not, it's hard to beat Vanguards cost if you are managing your own portfolio....especially if you purchase Admiral Shares. |
#59
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i am not familiar with him but it is a point of departure. |
#60
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I believe Portfolio Solutions is run by Rick Ferri who has been mentioned earlier in this thread....an excellent advisor with very low fees
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Closed Thread |
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