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  1. tony

    Crying Poverty

    Thanks Ed I see you guys have been holding up the fort quite well. My intention is not to judge or compare. Every culture is different and every human's personal circumstances is different. I get that. Just thought the article was good food for thought. I believe in personal empowerment even when folks feel like things may be stacked against them. I've been streamlining my "stuff" somewhat since retirement. I often ask myself now-"why in the heck did we buy that"? My only answer seems that it just seemed like a good idea at the time. Its been a battle throwing "stuff "out but I'm making progress. I don't own 19 pair of shoes though .
  2. tony

    Crying Poverty

    i hear a lot of complaining these days about wages not keeping up and families struggling and I sympathize but sometimes all of us need to look in the mirror and realize that as a culture we have all fallen for the American consumer trap of wants over needs. Many of us do in fact have it better than we realize and it is sometimes our own behaviors that cause us our hardships. Excerpt. I HAVE BEEN accused of being too critical of America’s spending habits. I’m not in touch with families who live paycheck to paycheck, or so I’m told. I was roundly attacked by folks on Facebook, who claimed I lacked sympathy for the federal workers who ran out of money during the government shutdown—even before they missed a payday. https://humbledollar.com/2019/05/crying-poverty/
  3. I agree with Moe Count your blessings that you have Vanguard !! The expense ratio is a much more meaningful number to look at than a yearly one time fee. It will drain your account ruthlessly over time much more than the yearly fee. That is why lowering your expense ratio is key. On the other hand having low fees alone will not make you a successful investor. It is just one part of the equation. Make sure you understand diversification, dollar cost averaging, buy and hold, compounding, indexing, pay your self first concept etc. Only with a wide investing knowledge base can you reach your goals.
  4. Hey everyone. Thanks for the concern. I'm fine. Just been taking a break. It seems like the forum is in good hands without my sometimes long winded contributions. I may contribute from time to time but since my retirement I sometimes feel I am not up on the current facts like I once was while working. Besides Dan ,Ed Krow, Steve, Whyme , Moe, and others know so much and can answer just about any question. I appreciated Steve contacting me. Steve is and always will be one of the greats around here. Happy memorial day weekend folks. Tony
  5. Vanguard was not opposed to it. They recommended that the DOL should revise, not revoke, the rule. They offered their reasons is a letter to the DOL.
  6. Steve , I realize it irritates you when I post articles, it's pretty obvious to me but we need to promote investment literacy and a broader view of what makes saving a successful endeavor . Not everyone who comes here is going to go out and read our favorite books we recommend here. So the articles are useful to many and some folks have messaged me and told me so. We are starting to give the impression here that if you get a low fee fund than you will be a successful investor. And ,if you pick a fund a few basis points higher, its the equivalent of total failure. It 's just more complex than that. You can be in a low fee investment and still underperform someone in an annuity if you are not doing other things right. Being 403bwise is more than just a low fee. And the math alone does not tell the whole story. Just how I feel about it. And I don't write any of this with any hostility just that the feeling is we may be helping people less than we think when we focus only on low fees and not much more.
  7. Ed, It confuses me that fees alone seems to be the only thing that matters to you when deciding who or what is best. That is a huge blind spot when you reduce everything down to who has the very very lowest basis points when in truth it's insignificant. You obviously are not considering other important things like corporate culture and corporate mission and breath of low cost choices. Fidelity may have the lowest fund fee on a very few funds but on their part its just a ploy to draw investors in and then cleverly move them into higher fee investments. I don't understand the obsession among some of you that want the absolute lowest fee at all costs when other factors in the funds structure may also affect performance . This reminds me of the housewife who drives miles all over town to save a dime on toilet paper, saves that dime, but then realizes her new cheaper brand has thinner sheets. As mark Twain once quipped. "Some may have the words but they don't have the music"
  8. This is somewhat intense reading. I doubt most will follow it to the very end but it is very interesting. This is the last article you will ever need to read on market timing. It’s a bold claim, but I’m not messing around. So strap in, because the training wheels are off on this one. To start, let’s play a game: Imagine you are dropped somewhere in history between 1920 and 1979 and you have to invest in the U.S. stock market for the next 40 years. You have 2 investment strategies to choose from. https://ofdollarsanddata.com/even-god-couldnt-beat-dollar-cost-averaging/
  9. and if that is the case Ed, who do you have to thank for this low fee environment? Think about that. So if it wasn't for Vanguard being alone in the first place, you wouldn't have alternatives now. And while not at the top of the heap in assets under management they are close with only Blackrock edging them out. The other players aren't close. So they must be doing something right.
  10. Not that Vanguard requires an overhaul, because it does not. But it will need to respond to a growing threat: imitation. Across the industry, rivals are challenging Vanguard's brand. It is becoming difficult for casual observers to distinguish between Vanguard and its major competitors. Read more: https://www.morningstar.com/articles/912928/can-vanguard-remain-alone.html
  11. Good luck you are doing a good thing for yourself. Spread the word to your fellow teachers.
  12. Over how many years did you get this 36% return and what were you invested in? Just curious.
  13. ED I agree I just don't want him to be in shock if he sees the surrender fee applied. I've been a few situations when I encouraged others to transfer and they later reamed me out about not warning them about the surrender charge.
  14. Unless I'm wrong looks like you can do the Direct Invest through Security Benefit because its in your plan after all.. If Aspire is available you need to make sure it gets on the list. So Tony the best move is transfer to SBDI. Surrender charges possibly apply. Do you understand what a surrender fee is?
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