Jump to content

tony

Members
  • Content Count

    4,507
  • Joined

  • Last visited

Community Reputation

0 Neutral

1 Follower

Recent Profile Visitors

1,492 profile views
  1. 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.
  2. 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.
  3. 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"
  4. 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/
  5. 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.
  6. 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
  7. Good luck you are doing a good thing for yourself. Spread the word to your fellow teachers.
  8. Over how many years did you get this 36% return and what were you invested in? Just curious.
  9. 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.
  10. 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?
  11. By the way, in my household made up of three folks we eat very well on about $300 a month.
  12. Saving at the grocery store . Not as off topic as you might think. https://mymoneywizard.com/how-i-spend-less-than-35-a-week-on-groceries-my-full-shopping-list-exposed/
  13. I take blame, I probably shouldn't have commented past my first two posts.
  14. Krow I think we may be giving too much advice/information and confusing TonyZ. He also started a separate thread asking basically the same question. I think maybe his first step might be to just get Aspire on board and then expand from there into working on his 457b plan...In his other thread he started I mentioned why adding Security Benefit might be a bad idea because it sells expensive products outside of the Direct Invest option. You gave similar advice. All this advice we are giving him might be making things difficult for him as a new investor. I may be totally wrong but all this info we all are giving might be overwhelming him. Tony
  15. No problem. Read through those posts and if it still is not clear let us know. If you are new to all this it can sound complex but the more you follow this discussion board the easier it becomes to understand the ridiculous complexities of the 403b world in education. All of us here are very passionate about helping you and others improve their 403b choices.
×
×
  • Create New...