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bigred

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Everything posted by bigred

  1. Can you get them to provide you with exactly what their benchmark is? I think that is probably the problems come from. They need broad, equity, bond, real estate and ect to truly diversify a portfolio like that and if they are benchmarking to the S&P 500 that would cause too much to be allocated to equities. On the previous post, just because you work on "the street" and work long hours do not equal a big paycheck. I would hate to compare the hours put in by my wife who teaches Spanish, is a coach for both Cross Country and Track. Too much entitlement is not a good thing.
  2. Steve, Try this one. http://johnwphipps.blogspot.com/2009/04/an...inequality.html This is written by a full-time farmer and part-time journalist. Very down to earth blog. It just goes into much more depth on how these "execs" think they are the only people working more than 8 hours a day and that entitles them to mega-bucks.
  3. Tony, My experience was they hand you a packet of info on how much you want to invest and how you want to elect it. From there on it was your own best guest with no guidance, quarterly statements is about it.
  4. What about a district where the plan doc does not allow for the transfer out of funds until you create a separation of service, per the TPA's attorney?
  5. could you post a link to the article.
  6. bigred

    403basp

    Yeah I think those are ones they may have looked at and some are up and running. Who chooses what is available? That is the TPA and school district and any advisor who has got his foot into the door. You might have to sell that you need Vanguard as much as that guy sells that he needs American, Oppenheimer, ect. You would have I think almost all of Vanguard's and Fidelity's funds available, just might have some plan minimums. It is a pretty good option and should cover most people even if they want an advisor.
  7. bigred

    403basp

    I don't see your district listed anywhere. Go to http://faboss.403b-bridge.com/ click on 403b document center select new jersey then look through the list of districts for possiblities, maybe yours is on there under a different name. One I looked at in NJ is just American Funds. Hope that helps.
  8. Steve, Look at the dividend yields right now. We are at a level we have not been at in 17 years, yes I expect divi's to go down some but it has become a bigger portion of the pie. Year Earnings Yield Dividend Yield S&P 500 Earnings Dividends 1960 5.34% 3.41% 58.11 3.10 1.98 1961 4.71% 2.85% 71.55 3.37 2.04 1962 5.81% 3.40% 63.1 3.67 2.15 1963 5.51% 3.13% 75.02 4.13 2.35 1964 5.62% 3.05% 84.75 4.76 2.58 1965 5.73% 3.06% 92.43 5.30 2.83 1966 6.74% 3.59% 80.33 5.41 2.88 1967 5.66% 3.09% 96.47 5.46 2.98 1968 5.51% 2.93% 103.86 5.72 3.04 1969 6.63% 3.52% 92.06 6.10 3.24 1970 5.98% 3.46% 92.15 5.51 3.19 1971 5.46% 3.10% 102.09 5.57 3.16 1972 5.23% 2.70% 118.05 6.17 3.19 1973 8.16% 3.70% 97.55 7.96 3.61 1974 13.64% 5.43% 68.56 9.35 3.72 1975 8.55% 4.14% 90.19 7.71 3.73 1976 9.07% 3.93% 107.46 9.75 4.22 1977 11.43% 5.11% 95.1 10.87 4.86 1978 12.11% 5.39% 96.11 11.64 5.18 1979 13.48% 5.53% 107.94 14.55 5.97 1980 11.04% 4.74% 135.76 14.99 6.44 1981 12.39% 5.57% 122.55 15.18 6.83 1982 9.83% 4.93% 140.64 13.82 6.93 1983 8.06% 4.32% 164.93 13.29 7.12 1984 10.07% 4.68% 167.24 16.84 7.83 1985 7.42% 3.88% 211.28 15.68 8.20 1986 5.96% 3.38% 242.17 14.43 8.19 1987 6.49% 3.71% 247.08 16.04 9.17 1988 8.20% 3.68% 277.72 24.12 10.22 1989 6.80% 3.32% 353.4 24.32 11.73 1990 6.58% 3.74% 330.22 22.65 12.35 1991 4.58% 3.11% 417.09 19.30 12.97 1992 4.16% 2.90% 435.71 20.87 12.64 1993 4.25% 2.72% 466.45 26.90 12.69 1994 5.89% 2.91% 459.27 31.75 13.36 1995 5.74% 2.30% 615.93 37.70 14.17 1996 4.83% 2.01% 740.74 40.63 14.89 1997 4.08% 1.60% 970.43 44.09 15.52 1998 3.11% 1.32% 1229.23 44.27 16.20 1999 3.07% 1.14% 1469.25 51.68 16.71 2000 3.94% 1.23% 1320.28 56.13 16.27 2001 3.85% 1.37% 1148.09 38.85 15.74 2002 5.23% 1.83% 879.82 46.04 16.08 2003 4.87% 1.61% 1111.91 54.69 17.88 2004 5.58% 1.60% 1211.92 67.68 19.407 2005 5.47% 1.79% 1248.29 76.45 22.38 2006 6.18% 1.77% 1418.3 87.72 25.05 2007 5.62% 1.89% 1468.36 82.54 27.73 2008 7.24% 3.11% 903.25 65.39 28.05
  9. 501c3 is in regards to non-profs, schools are governmentals. Intruder is dead on.
  10. bigred

    403basp

    What district are you under sullivanke? I may be able to help you out or point you to someone.
  11. There's way to much of this going around right now. Really kinda makes a person wonder. http://www.omaha.com/index.php?u_page=1208...;u_sid=10544062
  12. Steve, No I did not see the clip, do you have a link anywhere for it? John Bogle really has everyone's best interest at mind and I really respect that. I agree in principle with the Bond Ratio except I think it needs to be tweaked the other direction for a larger equity base(I am young). I don't know if you've read WB's new biography but I love it when he says his favorite holding period is "Forever". Yup pretty boring. I also agree on CNBC for entertainment. I like to watch Cramer then switch over to Jimmy Kimmel. I value both of them for the comedy. I do think that we will become friends.
  13. Steve, The only person I respect more than John is Warren Buffet but I think this may be a little pie in the sky. The way it seems to me is that a farmer who would hedge his commodity would be taxed higher on that portion of income, unless I don't comprehend what is proposed. I would rather see an end to the "SPE's" to get rid of the "off balance sheet liabilities."
  14. Ken, You might want to see what share classes are available for American if they have their r-4 or r-5 classes available these are very cheap versions of those funds. If you have any questions I can try to help.
  15. As a matter of fact, those were indeed the two fund families that he mentioned the other day. The paperwork lists about twenty funds he wants to sell, then says that the client can add up to 5 more funds. Not sure what the possibilities are for those other funds. If it is the full 403b Fund Source list, there are some, but not all, Vanguard funds available. I am still investigating whether the straight 403b ASP Fund Source is an approved vendor for my district. Or if the plan (with my district's name) as listed on their website is there only because it is an orphaned account. Elgordo, Some districts have only "approved" the 45 plus 5 list offered by the ed jones agent. If your district is using 403basp already I would talk to someone in your business office to get all of ASP's offerings available. If you pm me and let me know what district you are in I might be able to help.
  16. Your ed jones rep is not going to get you any vanguard(no compensation) that you are looking for. They will mostly be American Funds r-3 shares and franklin templeton shares of expense ratios between 70-90 bps. If ASP is already a vendor in the district I would push for them to open up all funds so you can have all no-load choices you can imagine.
  17. Steve, No they were not included, so that creates an illusion of equities not performing as well as reinvested dividends would have. An email from the author below. "Nathan, Thanks for your comments. It does not include dividends. Finding data going back that far is quite a challenge, and the bits of data I found to build the chart didn't come with accompanying dividends. Thanks again, Morgan "
  18. You would not be able to put it into an IRA but if the bank or investment wing of the bank could be an "approved vendor" of the plan you would be able to exchange your old 403b for a new 403b. The key is finding a vendor who can provide what you want.
  19. This chart comes from an article written on Berkshire Hathaway. http://www.fool.com/investing/value/2008/1...ing-stocks.aspx There is precedent for the poor 10 year periods. I won't try to talk you into staying because it just means that my returns will be rip-roaring better without competing to buy the stocks against you. 10-Year Period Dow Jones Industrial Average Return 1998-2008 (9%) 1988-1998 331% 1978-1988 165% 1968-1978 (19%) 1958-1968 77% 1948-1958 226% 1938-1948 14% 1928-1938 (49%) 1918-1928 254% 1908-1918 60%
  20. Nothing is perfect in this realm right now but they have the ability to get you into anything low cost that you might find. I think they have a good solution.
  21. Below is a morningstar article on how to set up plans. Just looking to hear from the bigwigs on here what they think of this and if they know Mr. Scott. http://www.prudentllc.com/download/Scott07-05-07.pdf
  22. Thanks guys! Great responses and I will ponder them all. I just know somebody who has spent some time educating me on this already as he is a % based planner and is a friend. I checked out fundadvice. Good site, they could make their ports a little more informative and save me some time by posting other figures with them. Anyway thanks all.
  23. I would not be against TIAA CREF for that portion of it either. They have had that product around forever. I am just a PIMCO fan(I own no PIMCO) because they really seem to have the best handle on the bond market a year before anyone else does.
  24. I was wondering what view the board took on paying someone for help helping in crafting a custom allocation with Vanguard. It is with an RIA and would broadly diversify across domestic, international, bond and real estate. Is .25% or .50% too much to be paying for something like this?
  25. This is a link from Motley Fool. http://www.fool.com/investing/small-cap/20...the-market.aspx I'm not sure just how credible it is but I can't find the article from two months ago stating that about 67% of funds managers did not beat their respective index. This article said 75%. I will fully acknowledge that there are some with the "gift", namely Buffett. But I can't own all Berkshire so I'd rather know I'm in the top 1/3 for returns vs being in the bottom every year.
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