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Fross & Fross sponsored six buses to Orlando for a day at the malls yesterday. Here is a company that manages Villagers' wealth and provides them with an outing to spend it. It's like Happy Days Are Here Again.
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So many investment firms setting up shops in TV. Wonder which group is doing wonders to the Villagers so they can go on a world cruise etc?
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And then there's Vanguard, which has no perks, no commissions, no storefront, no free champagne, just telephone reps and the lowest costs in the industry. That's where Warren Buffett wants his wife's money managed after he dies.
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Thank you, "FROSS & FROSS"
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Guess who's paying for it.
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Interesting who is paying for it. I compared two accounts and noticed i was paying more than what i realized for expenses especially compared a managed fund to another an index based fund. i called my managed mutual fund manager and asked if I could have the expense fees discounted. he claimed they could not and proceeded to tell me that the fund had earned extremely high. but then so did my index fund at a fraction of the cost expense. the fact is the Fed's sugar high policies have been feeding the market
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The DJIA went from just over 10,000 in January 2010 to just under 18,000 as of 12/5/14, almost an 80% gain. If a person held some good solid stocks over that period of time they would have increased their net worth. A rising tide lifts all ships and the tide definitely rose over that period of time.
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Gee, all of our bills, esp. insurance and medicines have gone WAY up!!!!!!!!!!!!!!!! Thank goodness for that 1.7% raise from the government, not that it even begins to cover the 1800% some of our drugs have gone up. Thankfully mine only went up about 200%. Maybe not exactly what you were talking about, but....
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I may be wrong and sometimes am, but I believe the DJ was at 10,400 when it took the dive to 6500/6600. It is now close to 18,000.
If one sold at 9,000 and let their money rest on the sidelines in a money market with hardly any interest, and then got back in at 8,000 or so. One would have made a lot of money when it climbed back to 18,000. Certainly more than what one had lost and thought would never be regained. TV people tend to have made more money than the rest of the country. In that regard, they are an anomaly. IMHO For all the complaints coming from wall street brokers, they have done exceedingly well. :smiley: |
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