- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
1
Posted on 4/23/13 at 1:31 pm to Janky
But you would not consider YACKX one because someone is actively trying to beat the index where as VTSMX is trying to stay on par with an index? Close?
Posted on 4/23/13 at 1:36 pm to CQQ
Yes. For example that focused fund has a turnover of 279% while VTSMX has a turnover of 3%. The focused fund has a manager buying and selling a lot of stocks trying to generate returns.
Posted on 4/23/13 at 1:42 pm to Janky
Mother of God, I think I've learned something 
Seriously, thanks for the help.
Do you recommend a good investing book for someone like me, obviously learning from the bottom up?
Seriously, thanks for the help.
Do you recommend a good investing book for someone like me, obviously learning from the bottom up?
Posted on 4/23/13 at 1:52 pm to CQQ
No problem. I am not sure about good educational books, but I do like Rick Edelman's book, the lies about money.
Posted on 4/23/13 at 1:55 pm to Janky
shite, I'm still confused on something.
Can you tell me again why YACKX is not an index mutual fund but VSTMX is? I promise I'll leave you alone.
Can you tell me again why YACKX is not an index mutual fund but VSTMX is? I promise I'll leave you alone.
Posted on 4/23/13 at 2:04 pm to CQQ
I bet the low turnover on YACKX is what confused you. Donald Yacktman believes in buying good companies and holding them for a long time, thus the low turnover. However, his goal is to beat the index benchmark. He is not trying to mirror the index with his holdings. VTSMX basically is just a mirror of its index. Here is an offical definition:
A type of mutual fund with a portfolio constructed to match or track the components of a market index, such as the Standard & Poor's 500 Index (S&P 500). An index mutual fund is said to provide broad market exposure, low operating expenses and low portfolio turnover.
A type of mutual fund with a portfolio constructed to match or track the components of a market index, such as the Standard & Poor's 500 Index (S&P 500). An index mutual fund is said to provide broad market exposure, low operating expenses and low portfolio turnover.
Posted on 4/23/13 at 9:03 pm to CQQ
Start Here.
I would highly suggest going to Investopedia.com and looking up every term that you do not understand. As you come across another term, look it up as well. I'm not trying to be a smartass, but this is the best thing you can do to educate yourself efficiently and effectively.
I would highly suggest going to Investopedia.com and looking up every term that you do not understand. As you come across another term, look it up as well. I'm not trying to be a smartass, but this is the best thing you can do to educate yourself efficiently and effectively.
Posted on 6/14/13 at 8:27 am to slackster
Janky, I'm looking at YACKX on Fidelity's website and there's a $75 fee. Can you explain what this is? If I only invest the minimum $500 now, and more later, will I pay that fee every time?
Posted on 6/14/13 at 8:31 am to CQQ
quote:
Janky, I'm looking at YACKX on Fidelity's website and there's a $75 fee. Can you explain what this is? If I only invest the minimum $500 now, and more later, will I pay that fee every time?
Hmmm. That might be a fidelity fee I would guess. Honestly, I would call fidelity and ask them. My clients do not pay a $75 fee when I buy YACKX. I will try to do a little research and get back to you.
Update: On the fidelity website:
Transaction Fee (Online) $75.00
This makes me think it is a fidelity fee. I would assume any purchases going forward would be charged this fee. The fee may be waived if future purchases are a systematic monthly transaction. Again, I would call Fidelity.
This post was edited on 6/14/13 at 8:35 am
Posted on 6/14/13 at 8:45 am to Janky
Ok, I'll do that. If that's the case, I'd be better off looking at something else, no?
Update: I did an online chat and they confirmed that I will pay that every time I make a purchase into that fund.
Update: I did an online chat and they confirmed that I will pay that every time I make a purchase into that fund.
This post was edited on 6/14/13 at 8:47 am
Posted on 6/14/13 at 8:48 am to CQQ
quote:
Ok, I'll do that. If that's the case, I'd be better off looking at something else, no?
Update: I did an online chat and they confirmed that I will pay that every time I make a purchase into that fund.
It depends on how much you are investing each time. If it is small amount it may not be worth it, or you can just save up and make fewer but larger purchases. I think if you do automatic transactions into this fund on a monthly basis then the charge drops to $5.
Posted on 6/14/13 at 8:51 am to Janky
quote:
I think if you do automatic transactions into this fund on a monthly basis then the charge drops to $5.
Do you see this somewhere on the website?
Posted on 6/14/13 at 9:07 am to CQQ
quote:
Do you see this somewhere on the website?
No, I found on this morningstar forum:
It is $75 for each additional investment.
But the fees is reduced to $5 if you setup an AIP.
Not sure if it is true but a number of people mentinoed it. Here is the link.
Morningstar
Posted on 6/14/13 at 9:29 am to Janky
What is the difference between YACKX and YAFFX? I notice there is no fee on YAFFX and I saw it mentioned in your link.
quote:
As per syacktmann ,they were planning to restrict the flow into YACKX and keep only YAFFX open
This post was edited on 6/14/13 at 9:31 am
Posted on 6/14/13 at 9:44 am to CQQ
Doesn't appear to be much difference. The holdings are the same just weighted a little different. A lot of times if a fund is getting to big for the manager they will start a new fund that mirrors the old one. Maybe that is what happened here.
Posted on 6/14/13 at 9:52 am to Janky
Would you recommend going that route if at first I will be adding smaller amounts gradually?
Posted on 6/14/13 at 9:55 am to CQQ
yes
Page 3 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News