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re: Northwestern Mutual - Should I?

Posted on 8/19/14 at 9:09 am to
Posted by GoCrazyAuburn
Member since Feb 2010
34945 posts
Posted on 8/19/14 at 9:09 am to
quote:

* NW Mutual funds will get hammered by a very basic ETF (S&P or something) over the long term due to their exorbitant fees

They do not have their own funds, so I don't know what point you are trying to make here. You open an IRA at Fidelity, you are doing the same thing at a place like Northwestern. They may have access to some different mutual funds, but there is no "northwestern fund".

quote:

Dump the NW guy and do it yourself. someone like Fidelity will help you do all of the things you need for fraction of the fees.


An Adviser should be able to outpace basic etf's, including fee's (if we are talking about a fee based adviser). Curious, but what Fee's does Northwestern have that Fidelity doesn't have (honest question).
This post was edited on 8/19/14 at 9:10 am
Posted by Shepherd88
Member since Dec 2013
4592 posts
Posted on 8/19/14 at 9:26 am to
Let me pose a question here. So this guy says he's illiterate when it comes to investing, and y'all are recommending he do the investing on his own with Fidelity. So let's say he takes his ~100k and invest it and it grows, then we have a correction, recession whatever and his investment, his nest egg, his retirement plan drops to 75k all of the sudden because he's purely in indexed funds with no management.

What do you think someone who is illiterate to investing is going to do?
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