- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Should I switch to Vanguard?
Posted on 7/15/16 at 10:04 pm
Posted on 7/15/16 at 10:04 pm
I have a solo 401k for my side business, looking to contribute about 15k yearly to it. I am 31 years old, plan currently has about 19k in assets. I also have about 14k in my full time employers plan that I am putting 9k a year in including my employer match. Total is about 24-25k in retirement savings yearly between both plans, currently have about 33k in assets between both plans. Got started a little late due to grad school and loans but starting to get rolling now. Total income between both jobs is about 180k year.
My question is this: I had a patient who is an advisor who set me up in my solo401k through invesco. I am into the following funds:
INVESCO GOVT MONEY MARKET - CASH RESERVE
INVESCO EUROPEAN GROWTH FUND -CLASS A
INVESCO ASIA PACIFIC GROWTH FUND - CL A
INVESCO SMALL CAP DISCOVERY FUND-CLASS A
I don't know a lot about reading the report sheet on individual funds, but looking at the rates of return over the past 5 years, 1 year, etc none of them have done very well at all, and actually seem to have performed badly. Don't know where to find expense ratios or what is a good amount, but i saw that one of them is like 1.5%. I know Vanguard offers much lower fees, seems to have performed much better, and seems to have a great interface to use.
The guy has now kind of become a friend although he is MUCH older than me, and I feel stuck. He is a patient and I see him every few months, has referred other patients to me, etc. I don't talk to him too often, but he checks in every now and then to see how me and my family are doing, seems to have taken a genuine interest in my life and is a little bit of a mentor when we talk. Am I getting fleeced? Are these funds ripping me off? Any input is appreciated. My balance is low enough to where it is not going to have a huge effect on my future, but I am starting to do pretty well and want to tighten up a bit moving forward.
My question is this: I had a patient who is an advisor who set me up in my solo401k through invesco. I am into the following funds:
INVESCO GOVT MONEY MARKET - CASH RESERVE
INVESCO EUROPEAN GROWTH FUND -CLASS A
INVESCO ASIA PACIFIC GROWTH FUND - CL A
INVESCO SMALL CAP DISCOVERY FUND-CLASS A
I don't know a lot about reading the report sheet on individual funds, but looking at the rates of return over the past 5 years, 1 year, etc none of them have done very well at all, and actually seem to have performed badly. Don't know where to find expense ratios or what is a good amount, but i saw that one of them is like 1.5%. I know Vanguard offers much lower fees, seems to have performed much better, and seems to have a great interface to use.
The guy has now kind of become a friend although he is MUCH older than me, and I feel stuck. He is a patient and I see him every few months, has referred other patients to me, etc. I don't talk to him too often, but he checks in every now and then to see how me and my family are doing, seems to have taken a genuine interest in my life and is a little bit of a mentor when we talk. Am I getting fleeced? Are these funds ripping me off? Any input is appreciated. My balance is low enough to where it is not going to have a huge effect on my future, but I am starting to do pretty well and want to tighten up a bit moving forward.
Posted on 7/15/16 at 10:16 pm to Saint5446
Everyone on here will tell you to move your shite to Vanguard.. I'll be the first to say that Invesco is a pretty stellar company, their fees are a bit higher than most but for the most part they justify them.
Having said that if what you posted is your allocation, then in my opinion it's pretty aggressive and heavy international. I would have a sit down meeting with your advisor and pick his brain on what direction he's trying to take this based on your goals and then maybe get a second and third opinion.
Having said that if what you posted is your allocation, then in my opinion it's pretty aggressive and heavy international. I would have a sit down meeting with your advisor and pick his brain on what direction he's trying to take this based on your goals and then maybe get a second and third opinion.
Posted on 7/16/16 at 9:02 am to Saint5446
quote:\
CLASS A
quote:
CL A
quote:
CLASS A
Posted on 7/16/16 at 9:43 pm to Saint5446
yes vanguard is great. switch over. no loads, no annual fees among other things.
some funds i have done great with are
VGHCX
VGSLX
VPU
some funds i have done great with are
VGHCX
VGSLX
VPU
Popular
Back to top
Follow TigerDroppings for LSU Football News