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Started By
Message
any of you money boarders tried feex?
Posted on 9/19/14 at 2:30 pm
Posted on 9/19/14 at 2:30 pm
LINK
the point is they look at the fees your paying in your investment accounts and try and find funds that are similar that have performed as well with lower fees.
seems somewhat legit to me. Anybody have any more info?
the point is they look at the fees your paying in your investment accounts and try and find funds that are similar that have performed as well with lower fees.
seems somewhat legit to me. Anybody have any more info?
This post was edited on 9/19/14 at 2:31 pm
3
Posted on 9/19/14 at 7:52 pm to hondurantiger
I take care to review the fund prospectus before I invest a dime - fees and expense ratio are items I pay careful attention to, among others. Everyone should do this. It always amazes me that most people will do more research over a $1000 kitchen appliance than a $10000 (or more) fund investment.
But I digress. I have no idea about these guys. However, they may not be accurate if you are investing through a 401 b/c your plan provider may have cut a deal of some sort that won't be reflected on feex.
But I digress. I have no idea about these guys. However, they may not be accurate if you are investing through a 401 b/c your plan provider may have cut a deal of some sort that won't be reflected on feex.
Posted on 9/19/14 at 11:21 pm to hondurantiger
FINRA, the agency that regulates the industry, has an online tool to compare all aspects of a fund. FINRA fund analyzer
Posted on 9/20/14 at 2:28 pm to jeepfreak
quote:I second this.
FINRA fund analyzer
I just ran the feex deal for my portfolio and it told me I was losing 5.75% annually due to fees, which is complete BS.
Posted on 9/20/14 at 9:42 pm to Shepherd88
quote:
I just ran the feex deal for my portfolio and it told me I was losing 5.75% annually due to fees, which is complete BS.
Someone didn't read the prospectus before investing.
Posted on 9/20/14 at 10:10 pm to foshizzle
Someone is an advisor and knows exactly what they're investing in!
This post was edited on 9/20/14 at 10:12 pm
Posted on 9/20/14 at 10:15 pm to Shepherd88
quote:
losing 5.75% annually due to fees
Wait.....what?
That has to be a sum and not a weighted average....right?
Posted on 9/21/14 at 8:54 am to Volvagia
either way it's incorrect.
Posted on 9/22/14 at 1:35 pm to Shepherd88
A shares breh
Posted on 9/22/14 at 1:49 pm to Thib-a-doe Tiger
Na, they're institutional shares that I own.
AGG DEMIX SMEYX ICSLX
EFA GCCIX JFLEX MIEIX
VUG HACAX JCVIX MGOYX
VTV OAKIX JFMXX OREYX
BND MSAIX ICEUX PMCPX
All in all it's probably an average of 0.6% expense ratio of those considering what's invested in each
AGG DEMIX SMEYX ICSLX
EFA GCCIX JFLEX MIEIX
VUG HACAX JCVIX MGOYX
VTV OAKIX JFMXX OREYX
BND MSAIX ICEUX PMCPX
All in all it's probably an average of 0.6% expense ratio of those considering what's invested in each
Posted on 9/22/14 at 1:50 pm to Shepherd88
I'll run it on mine later. I own a bunch of A shares with low expense ratios. I bet it gives me a hell of a lot worse than what you got
Posted on 9/22/14 at 2:08 pm to Thib-a-doe Tiger
yea, please do let us know. I'm interested in to hearing what it shows others.
Posted on 9/22/14 at 4:09 pm to Shepherd88
It made my results look terrible too.
Posted on 9/22/14 at 5:32 pm to Shepherd88
Did you do the math yourself to get -5.75? I used a 6% return year over year and it came out to about what I thought it should
6 percent return is low, as all of those funds average double digits since inception
6 percent return is low, as all of those funds average double digits since inception
This post was edited on 9/22/14 at 5:35 pm
Posted on 9/22/14 at 6:04 pm to Thib-a-doe Tiger
Wow, I went back and looked at what I did and it says "assuming 5.75% annual return." :bang head:
Yeah I'm an idiot.
Yeah I'm an idiot.
Posted on 9/22/14 at 6:14 pm to Shepherd88
Lol
"Uh, I'd like to move my money to a different institution please"
"Uh, I'd like to move my money to a different institution please"
This post was edited on 9/22/14 at 6:17 pm
Posted on 9/22/14 at 6:23 pm to Thib-a-doe Tiger
From what i saw. They assume a rate of return and calculate how much you would pay in fees over the course of your investment. Their thing is they believe they can find similar funds with lower fees.
This post was edited on 9/22/14 at 7:30 pm
Posted on 9/22/14 at 7:26 pm to hondurantiger
Data as of
9/17/2014 Data as of
n/a
I used the FINRA Fund Analyzer to compare one of my funds with one feex suggested.
The Fund Analyzer seems to agree with the pick. The fees are a lot less.
Ticker Symbol RVALX SCHV
Investment Amount $10,000.00 $10,000.00
Estimated Return You Selected 5.0% 5.0%
Holding Period 10 10
Fund Value After 10 Year(s)
$14,289.04 $16,175.33
Profit/Loss $4,289.04 $6,175.33
Total Fees & Sales Charges $1,574.28 $89.89
Total Fees $1,574.28 $89.89
Total Sales Charges $0.00 $0.00
9/17/2014 Data as of
n/a
I used the FINRA Fund Analyzer to compare one of my funds with one feex suggested.
The Fund Analyzer seems to agree with the pick. The fees are a lot less.
Ticker Symbol RVALX SCHV
Investment Amount $10,000.00 $10,000.00
Estimated Return You Selected 5.0% 5.0%
Holding Period 10 10
Fund Value After 10 Year(s)
$14,289.04 $16,175.33
Profit/Loss $4,289.04 $6,175.33
Total Fees & Sales Charges $1,574.28 $89.89
Total Fees $1,574.28 $89.89
Total Sales Charges $0.00 $0.00
Posted on 9/22/14 at 7:34 pm to hondurantiger
the performance of SCHV over 5 years.
the pefromance of RVALX over 5 years.
they seem to be pretty even.
Feex breakdown
Similarity Ranking
96%
Why This Similar Fund
Schwab US Large-Cap Value ETF™ was chosen by looking at all other funds/ETFs that are categorized as Large Value and have a similar asset allocation. The funds/ETFs are then sorted by similarity and low fees, and the first one is selected.
You vs. Similar Fund (Annual Return)
21.41% vs. 22.25% 1 yr
18.42% vs. 19.93% 3 yr
14.56% vs. --% 5 yr
8.33% vs. --% 10 yr
any thoughts?
the pefromance of RVALX over 5 years.
they seem to be pretty even.
Feex breakdown
Similarity Ranking
96%
Why This Similar Fund
Schwab US Large-Cap Value ETF™ was chosen by looking at all other funds/ETFs that are categorized as Large Value and have a similar asset allocation. The funds/ETFs are then sorted by similarity and low fees, and the first one is selected.
You vs. Similar Fund (Annual Return)
21.41% vs. 22.25% 1 yr
18.42% vs. 19.93% 3 yr
14.56% vs. --% 5 yr
8.33% vs. --% 10 yr
any thoughts?
This post was edited on 9/22/14 at 7:36 pm
Posted on 9/22/14 at 10:15 pm to hondurantiger
There's always a cheaper option. Depends on how educated/sophisticated and investor is if the low fees are really in their best interests. Some of the service you get with higher fees are worth it to a lot of investors.
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