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Message
re: How much should I pay a fund manager?
Posted on 1/25/13 at 6:44 am to LSUTigers00884
Posted on 1/25/13 at 6:44 am to LSUTigers00884
quote:
Fat Bastard, what ways do you invest?
Go with Vanguard for Roth IRA. Do you invest in mutual funds?
Some of my investments are Mutual Funds, stocks, ETF's, commodities, RE, private lending, etc. Probably not much different from plenty other guys here.
Yes, Vanguard is great for the ROTH IRA.
This post was edited on 1/25/13 at 6:50 am
0
Posted on 1/25/13 at 7:47 am to matthew25
quote:
Janky, which Vanguard funds do you own?
Mostly, vwinx, vipsx and vwitx.
This post was edited on 1/25/13 at 9:41 am
Posted on 1/25/13 at 8:53 am to Fat Bastard
quote:
No, you are the BUTTHURT INVESTMENT REP HERE.
You peddle LSU Da-da-da-da shirts. I own a firm. I'm not butthurt about anything other than blanket statements.
Posted on 1/25/13 at 10:03 am to Broke
Here is my take on this. Most individual investors are quite emotional. What I mean by this is they sell at the bottom cause they get scared and buy back at the top. That is why investors generally only capture a very small portion of the markets actual return. One can argue passive vs. active management all day long and each could provide valid points. The truth is at any given time each one can be out performing the other.
Posted on 1/25/13 at 11:23 am to Broke
quote:
Broke
Posted on 1/25/13 at 11:25 am to CoolHand
quote:
Not even remotely equivalent.
please, no facts allowed!
Posted on 1/25/13 at 11:26 am to Fat Bastard
Keep up the good work.Posted on 1/25/13 at 1:07 pm to Broke
Thanks guys. Looks like I'm going with some mutual funds through Franklin templeton.
Posted on 1/25/13 at 1:10 pm to LSUTigers00884
quote:
Looks like I'm going with some mutual funds through Franklin templeton.
What? Don't do it. Who put you up to this?
Posted on 1/25/13 at 1:55 pm to Janky
Why should I not do it?
The financial advisor I talked to. There will be no commission charges. And he says he works with Franklin Templeton.
Works with as in that is who he is comfortable with along with having connections over there.
The financial advisor I talked to. There will be no commission charges. And he says he works with Franklin Templeton.
Works with as in that is who he is comfortable with along with having connections over there.
This post was edited on 1/25/13 at 1:58 pm
Posted on 1/25/13 at 1:58 pm to LSUTigers00884
quote:
There will be no commission charges
Explain
quote:
And he says he works with Franklin Templeton
Explain
Did he tell you specifically which funds he would use? What firm is he with?
Posted on 1/25/13 at 2:33 pm to Janky
He works for Iberia bank. But deals a lot with franklin so he is familiar with it. He sat down with me to gage how aggressive/conservative i wanted to be. Showed me several mutual funds and which ones he really doesnt advise and which ones he likes.
There is a yearly 1.3% (2 others with similar percent) yearly service charge fees. And that's it. No commission. No back end. Etc.
Anything else to watch out for?
Thanks again.
There is a yearly 1.3% (2 others with similar percent) yearly service charge fees. And that's it. No commission. No back end. Etc.
Anything else to watch out for?
Thanks again.
This post was edited on 1/25/13 at 2:35 pm
Posted on 1/25/13 at 2:40 pm to LSUTigers00884
quote:
There is a yearly 1.3% (2 others with similar percent) yearly service charge fees. And that's it. No commission. No back end. Etc.
Sounds like C shares. And if you get out in the first year, there is a back end probably. And there is a commission. You just don't see it.
Posted on 1/25/13 at 2:40 pm to LSUTigers00884
So, he wants to put you into a bunch of c share funds? I would like to know which ones he advises in particular. Either way. Good luck.
Posted on 1/25/13 at 3:01 pm to Broke
Yes C shares. I asked directly about front end or back end commission. He says that is not the case with C shares. For A shares, there would be an up front commission. He advised C share since we are looking at more short term.
Posted on 1/25/13 at 3:13 pm to LSUTigers00884
Most C shares hit you at 1% if you take it out in the first year. Just fyi. What is your timeframe btw?
He gets 1% upfront too.
He gets 1% upfront too.
This post was edited on 1/25/13 at 3:15 pm
Posted on 1/25/13 at 3:22 pm to Broke
So this guy is bold face lying?
And I'll ask about that 1 year deal.
My time frame is about 1 year. Want a truck by that time. Plus the savings that will have accumulated over this year.
And I'll ask about that 1 year deal.
My time frame is about 1 year. Want a truck by that time. Plus the savings that will have accumulated over this year.
Posted on 1/25/13 at 3:22 pm to Broke
What do you do again?
Posted on 1/25/13 at 3:33 pm to LSUTigers00884
quote:
What do you do again?
I'm a FA who owns his own firm on the independent side.
I wouldn't say he's lying but there is absolutely a 1% charge if liquidated in 6 months. And to be quite honest if you are saving money for a truck that you will need in a year, I would just stick it in a savings account and pull it out when you need it. What happens if your investment declines 10%?
But you could also ask Fat Bastard his opinion. I'm sure he knows more about this than I do.
This post was edited on 1/25/13 at 3:34 pm
Posted on 1/25/13 at 4:28 pm to LSUTigers00884
quote:
There is a yearly 1.3% (2 others with similar percent) yearly service charge fees.
Did you expect no annual fees? After what was discussed in this thread? If you want to pay that go for it. Entirely up to you.
quote:
And that's it. No commission. No back end. Etc.
LINK
LINK
quote:
Class C funds are mutual funds whose loads are paid annually as long as the fund is held. They may look like No-Load funds because there is no fee on the front end or back end(depending on time held), but the load is there in the annual fees. Class C funds can't be converted to the other classes.
If that is what you want, knock yourself out.
I'd suggest starting to educate yourself on investing. trust me, you do not have to be a rocket scientist to pick some mutual funds and manage them yourself. It is not as hard as "broke" makes it out to be.
I'm sure if things fall through "broke" will definitely hook you up. There could be a reason he is nicknamed "broke". he might break his clients.
This post was edited on 1/25/13 at 4:56 pm
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