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Question regarding my IRA investment fees
Posted on 4/18/16 at 10:36 am
Posted on 4/18/16 at 10:36 am
I'm currently invested in 4 no-load funds with expense ratios that range from .70 to .96 each, and management fees that are roughly 0.80 each. I have about $40k invested between these four funds.
I also have a brokerage account that is invested in BALCX (American Funds). The balance is around $9k. Here are the expenses for this fund:
0.23 Annual mgmg fee
0.15 other
1.00 12b-1
1.38 expense ratio
I'm just wondering, should all of this be acceptable, or should I look at other options?
Following some of the advice on this board, I was planning on jumping into some vanguard funds as well to supplement anything I do.
I also have a brokerage account that is invested in BALCX (American Funds). The balance is around $9k. Here are the expenses for this fund:
0.23 Annual mgmg fee
0.15 other
1.00 12b-1
1.38 expense ratio
I'm just wondering, should all of this be acceptable, or should I look at other options?
Following some of the advice on this board, I was planning on jumping into some vanguard funds as well to supplement anything I do.
3
Posted on 4/18/16 at 10:58 am to meeple
Most will tell you "No, it's not acceptable."
There is a thread on the first page about a guy needing Roth advice. He's with Edwards Jones and pays high fees.
Go with a low expense ratio and NO other fees. You can find this at Vanguard and probably at Fidelity too (I can't vouch for them).
My highest Vanguard expense ratio is .16
There are NO management fees. You need a little bit of knowledge to manage your own money, but not much...stick it in an index or target retirement fund and let the market do the work.
So yes, jump into some Vanguard funds and transfer all the other ones. Be happy you did it at 40k rather than 400k or 4 million.
There is a thread on the first page about a guy needing Roth advice. He's with Edwards Jones and pays high fees.
Go with a low expense ratio and NO other fees. You can find this at Vanguard and probably at Fidelity too (I can't vouch for them).
My highest Vanguard expense ratio is .16
There are NO management fees. You need a little bit of knowledge to manage your own money, but not much...stick it in an index or target retirement fund and let the market do the work.
So yes, jump into some Vanguard funds and transfer all the other ones. Be happy you did it at 40k rather than 400k or 4 million.
This post was edited on 4/18/16 at 10:59 am
Posted on 4/20/16 at 9:09 am to meeple
quote:
1.00 12b-1
Run. Fast.
Posted on 4/20/16 at 11:21 am to meeple
those are all relatively high fees.
If you're looking for comparative Vanguard funds, you can search here. LINK
quote:You also have an 82% turnover which will increase capital gains and your taxes in this brokerage account
I also have a brokerage account that is invested in BALCX (American Funds). The balance is around $9k. Here are the expenses for this fund:
0.23 Annual mgmg fee
0.15 other
1.00 12b-1
1.38 expense ratio
If you're looking for comparative Vanguard funds, you can search here. LINK
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