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Broke 
LSU Fan
AKA Buttercup
Member since Sep 2006
50012 posts
| re: How much should I pay a fund manager? (Posted on 1/24/13 at 12:00 pm to Janky)
It just pisses me off when I see people say "Ahhh just do it yourself". Sure, because that sure worked out well in 1999 when every moron who could left click a mouse had an e-trade account. And subsequently lost all of their money. The average person doesn't have the time, expertise nor inclination to do their own investing. Some do and that's fine but to blanket statement this guy is just ridiculous.
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Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
50012 posts
| re: How much should I pay a fund manager? (Posted on 1/24/13 at 12:02 pm to Broke)
And if they think Vanguard isn't doing things like bumping spreads in order to make their money, these folks are sadly mistaken. They don't do this shite for free just to be nice guys.
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Janky
LSU Fan
Team Primo
Member since Jun 2011
2650 posts
| re: How much should I pay a fund manager? (Posted on 1/24/13 at 12:06 pm to Broke)
quote:
And if they think Vanguard isn't doing things like bumping spreads in order to make their money, these folks are sadly mistaken. They don't do this shite for free just to be nice guys.
All you have to do is run a chart comparison between TROW and PRCWX their best fund. It shows an amazing comparison to owning one fund or the parent company that makes money off of their investors. Vanguard would be the same way if they were public.
ETA: For the record, I use several Vanguard funds in my portfolios.
This post was edited on 1/24 at 12:13 pm
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Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
50012 posts
| re: How much should I pay a fund manager? (Posted on 1/24/13 at 12:09 pm to Janky)
Closed books mean we will never know.
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Vols&Shaft83 
Tennessee Fan
Member since Dec 2012
3935 posts
 Online
| re: How much should I pay a fund manager? (Posted on 1/24/13 at 12:18 pm to Broke)
I agree that it's a smart idea for the average investor to have an FA with experience. I don't however, think it's a good idea to go to bank to find an investment adviser.
I only own 2 Vanguard funds, VFINX and VTSMX, because of their ridiculously low .17 expense ratio, and I want a couple of Index funds in my portfolio.
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CoolHand 
USA Fan
Member since Dec 2011
1457 posts
| re: How much should I pay a fund manager? (Posted on 1/24/13 at 12:19 pm to Broke)
quote:
I own a black and decker drill. Gonna do my own dental work from now on too. I watch Judge Judy, gonna do my own litigation.
Not even remotely equivalent.
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LSUTigers00884 
LA-Lafayette Fan
Lafayette
Member since Oct 2011
652 posts
| re: How much should I pay a fund manager? (Posted on 1/24/13 at 2:34 pm to Fat Bastard)
Fat Bastard, what ways do you invest?
Go with Vanguard for Roth IRA. Do you invest in mutual funds?
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LSUTigers00884
LA-Lafayette Fan
Lafayette
Member since Oct 2011
652 posts
| re: How much should I pay a fund manager? (Posted on 1/24/13 at 2:39 pm to Vols&Shaft83)
You don't go to your local bank? Then where do you go?
You guys are saving me lots of time! Thanks! 
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Janky
LSU Fan
Team Primo
Member since Jun 2011
2650 posts
| re: How much should I pay a fund manager? (Posted on 1/24/13 at 2:42 pm to LSUTigers00884)
LSU: Here is the jest of what others are saying. In most cases bank advisors are young and very new to the business. They SELL you what they are told to SELL you. Once they build a decent book of business that will walk with them ,they switch to another firm that offers higher payouts. The turnover rate of bank advisors are very high. There are certainly some exceptions to his, but this is what I have seen.
This post was edited on 1/24 at 2:44 pm
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peopleschamp 
Xavier Fan
Baton Rouge
Member since Feb 2006
5605 posts
Online
| re: How much should I pay a fund manager? (Posted on 1/24/13 at 7:42 pm to LSUTigers00884)
Don't pay a fund manager. When needed pose all investment questions to Money Board.
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peopleschamp
Xavier Fan
Baton Rouge
Member since Feb 2006
5605 posts
Online
| re: How much should I pay a fund manager? (Posted on 1/24/13 at 7:47 pm to Broke)
I would bet money in funds like the Total Stock Market Index would out perform the majority of fund managers even through the last 15 years. Every time the total stock market is getting hammered double down on your investments.
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LSUTigers00884
LA-Lafayette Fan
Lafayette
Member since Oct 2011
652 posts
| re: How much should I pay a fund manager? (Posted on 1/24/13 at 7:55 pm to peopleschamp)
quote:
Pose all investment questions to money board
No.
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Bayou Tiger
LSU Fan
The Woodlands, TX
Member since Nov 2003
3001 posts
| re: How much should I pay a fund manager? (Posted on 1/24/13 at 8:19 pm to Broke)
quote:
It just pisses me off when I see people say "Ahhh just do it yourself". Sure, because that sure worked out well in 1999 when every moron who could left click a mouse had an e-trade account. And subsequently lost all of their money. The average person doesn't have the time, expertise nor inclination to do their own investing. Some do and that's fine but to blanket statement this guy is just ridiculous.
Right, because 1999 was a great example of when all of the "pros" and Joe financial advisors of the world had it all figured out.
If more people would have talked to their Edward Jones advisors in 1999, maybe nobody would have lost any money.
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matthew25 
Ole Miss Fan
Member since Jun 2012
1677 posts
| re: How much should I pay a fund manager? (Posted on 1/24/13 at 9:58 pm to Bayou Tiger)
Janky, which Vanguard funds do you own?
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jimbeam
LSU Fan
Patrick F. Taylor
Member since Oct 2011
16859 posts
| re: How much should I pay a fund manager? (Posted on 1/24/13 at 11:08 pm to LSUTigers00884)
What is the min/max initial? And there isn't really a min once you get it going right?
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LSUTigers00884
LA-Lafayette Fan
Lafayette
Member since Oct 2011
652 posts
| re: How much should I pay a fund manager? (Posted on 1/24/13 at 11:50 pm to jimbeam)
What?
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Dead Mike
LSU Fan
Cell Block 4
Member since Mar 2010
1523 posts
| re: How much should I pay a fund manager? (Posted on 1/24/13 at 11:53 pm to jimbeam)
quote:
What is the min/max initial? And there isn't really a min once you get it going right?
If you're talking about Vanguard funds there is a minimum contribution amount for each fund. For some funds it's $1,000 but for most it's $3,000 for an initial contribution.
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jimbeam
LSU Fan
Patrick F. Taylor
Member since Oct 2011
16859 posts
| re: How much should I pay a fund manager? (Posted on 1/25/13 at 12:03 am to Dead Mike)
Ok thanks
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Fat Bastard 
New Orleans Saints Fan
Paradise
Member since Mar 2009
13671 posts
Online
| re: How much should I pay a fund manager? (Posted on 1/25/13 at 6:34 am to Broke)
quote:
I own a black and decker drill. Gonna do my own dental work from now on too. I watch Judge Judy, gonna do my own litigation.
Moron.
great analogy. definitely the same. He can definitely learn to be a dentist or a lawyer/judge quicker than he can study/research and pick some mutual funds especially a index fund and/or target retirement fund to put in a ROTH IRA. 
No, you are the BUTTHURT INVESTMENT REP HERE.
F
A
C
T
This post was edited on 1/25 at 6:44 am
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Fat Bastard
New Orleans Saints Fan
Paradise
Member since Mar 2009
13671 posts
Online
| re: How much should I pay a fund manager? (Posted on 1/25/13 at 6:35 am to Bayou Tiger)
quote:
Right, because 1999 was a great example of when all of the "pros" and Joe financial advisors of the world had it all figured out.
If more people would have talked to their Edward Jones advisors in 1999, maybe nobody would have lost any money.
I love the sarcasm! 
This post was edited on 1/25 at 9:18 am
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