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Message
re: Should I switch to Vanguard?
Posted on 7/16/16 at 5:01 pm to Saint5446
Posted on 7/16/16 at 5:01 pm to Saint5446
quote:
This is why I don't always trust financial advisors. I am a medical professional and have no idea about these things and I feel like they try to put you in self-serving shite a lot of the time. Not trying to generalize but in my two experiences with finance guys that has happened to me, which is why I was thinking about just saying screw them and rolling with Vanguard.
This is me right now. On my second one and I just don't think he gives a flip. I'm doing better managing my company 401k... I'm slaying his returns, and I don't have any idea what I'm doing.
I'm on the verge of making the call to him and let him know I'm pulling out and going to Vanguard.
This post was edited on 7/16/16 at 5:02 pm
2
Posted on 7/16/16 at 5:05 pm to meeple
Do it. Doesn't necessarily have to be held with Vanguard, as you can buy most vanguard funds when your money is with another brokerage (TD Ameritrade, ScottTrade, Etrade, etc.) Just go for broad index funds with low fees. Set and forget.
Posted on 7/16/16 at 5:29 pm to meeple
quote:
This is me right now. On my second one and I just don't think he gives a flip. I'm doing better managing my company 401k... I'm slaying his returns, and I don't have any idea what I'm doing.
I hear what you are saying, but there may be reason why you are beating him. Advisors have to gauge one's risk tolerance and invest accordingly. Sometimes you are asked questions and scored. If your risk tolerance comes out to be moderate or balanced and that is how he has you invested, but in your 401(k) you may be 100% aggressive and in all equities. Then when the market rips like it is right now you will win. I am not saying this is the case, but you need to make sure you are comparing apples to apples.
I had a client 2 years ago complain because he was beating me. I looked at his other account and he had 60% in the T Rowe Price healthcare fund which was killing it at the time. I explained to him that there is no way I could or would have all of that money in a sector fund.
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