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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Posted by Broke

AKA Buttercup

Member since Sep 2006

65144 posts

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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Posted by Vols&Shaft83

Throbbing Member

Member since Dec 2012

70007 posts

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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Posted by peopleschamp

Baton Rouge

Member since Feb 2006

6576 posts

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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Posted by Bayou Tiger

Member since Nov 2003

3665 posts

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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Posted by Fat Bastard