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Vanguard fees vs all others
Posted on 3/25/20 at 9:59 pm
Posted on 3/25/20 at 9:59 pm
What is the OT opinion regarding fees charged by most financial firms compared to Vanguard’s fees? I am putting around 1.5 to 2 million in the market soon. Is it worth paying the extra fees to an investment firm versus paying .3% to let Vanguard manage the account? Most firms charge around 1 percent that I have consulted. Thanks for any input.
6
Posted on 3/25/20 at 10:02 pm to Rebel12
quote:
1.5 to 2 million
And you come to tiger droppings to decide where to put it. I've seen it all.
Posted on 3/25/20 at 10:06 pm to Tigerlaff
I just like getting other opinions. I have read some pretty decent information here. Thanks for your helpful advice.
Posted on 3/25/20 at 10:19 pm to Rebel12
If you want serious advice you need to give more information. A metric shite ton more.
-What are you generally trying to accomplish?
-How averse to risk are you?
-How old are you?
-How long do you plan on keeping the money in the account?
Vanguard doesn’t invest money for you. You either have to pick your investments or pay someone to do it for you.
In all seriousness if I was you I would pay someone.
-What are you generally trying to accomplish?
-How averse to risk are you?
-How old are you?
-How long do you plan on keeping the money in the account?
Vanguard doesn’t invest money for you. You either have to pick your investments or pay someone to do it for you.
In all seriousness if I was you I would pay someone.
Posted on 3/25/20 at 10:28 pm to Rebel12
quote:
I am putting around 1.5 to 2 million in the market soon.
No you’re not.
Posted on 3/25/20 at 10:37 pm to Tigerlaff
I am not making any decisions solely based on advice here. I just wanted to see if most people think higher management fees correlate with higher returns.
Posted on 3/25/20 at 11:55 pm to Rebel12
Whatever. You have a million dollar decision to make and TD is one of your resources for guidance. I rest my case.
Posted on 3/26/20 at 12:04 am to Rebel12
$1mm IVV
$500k QQQ
$500k QQQ
Posted on 3/26/20 at 1:03 am to Rebel12
quote:
I am not making any decisions solely based on advice here. I just wanted to see if most people think higher management fees correlate with higher returns.
Higher fees don't correlate to higher returns. Knowing what you are doing correlates to higher returns. It sounds to me like you have little to no experience trading in the market or doing much in the way of long term investing. If that's the case you need to either do a lot of research on trading/investing or turn that money over to a reputable investment firm that can help you make informed decisions.
Posted on 3/26/20 at 3:21 am to BuzzSaw 12
Warren Buffett recommends majority of people should invest in S&P 500 index.
Posted on 3/26/20 at 7:59 am to Rebel12
quote:
I am putting around 1.5 to 2 million in the market soon.
Posted on 3/26/20 at 8:05 am to Rebel12
Do you have any kind of plan for how you are going to invest this? If it's all index funds, then you cannot beat Vanguards low fees. If you are this novice of an investor I would find a one time fee only adviser and pay him to tell you how to invest it.
I personally will never give 1% to an adviser, but you may be one of those people who needs that.
I personally will never give 1% to an adviser, but you may be one of those people who needs that.
Posted on 3/26/20 at 8:30 am to Rebel12
quote:
Most firms charge around 1 percent that I have consulted.
If you go somewhere outside of Vanguard, make sure you understand the fees of the mutual funds that they will use to invest your money. The management fee is on top of that.
This post was edited on 3/26/20 at 8:30 am
Posted on 3/26/20 at 8:55 am to Rebel12
In my limited experience, a lot of advisers will charge on a scale. So your 1% may only apply to the first $X, then .5% on the balance (or something similar)
Posted on 3/26/20 at 8:55 am to xenon16
Posted on 3/26/20 at 11:17 am to BuzzSaw 12
Off topic, but 4,5,4,6,4+5, 4+5+6.
And then my beneficiaries can split what I haven't spent.
ETA: Wish you were here, indeed.
And then my beneficiaries can split what I haven't spent.
ETA: Wish you were here, indeed.
This post was edited on 3/26/20 at 11:19 am
Posted on 3/26/20 at 11:21 am to Auburn80
quote:
Do you have any kind of plan for how you are going to invest this? If it's all index funds, then you cannot beat Vanguards low fees.
While Vanguard still has one of the larger selection of index funds (low cost), there's been increasing competition.
Fidelity offers several no cost/no expense ratio funds.
Schwab also offers many index funds that are comparable or have a lower expense ratio than the vanguard funds. Vanguard still has the better expense ratios on some of their actively managed funds, but for most people that are into diversifying with multiple passive index funds, you have a lot more options than you use to.
Posted on 3/26/20 at 12:56 pm to Auburn80
quote:
If you are this novice of an investor I would find a one time fee only adviser and pay him to tell you how to invest it.
That's what the .30 he referenced is at Vanguard for the personal advisory service. He can fire them after and not pay the .30 annually. Beats the shite out of paying 1% annually and likely higher cost investments.
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