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Re: Ditching your Financial Advisor??
Old 11-11-2005, 12:51 PM   #21
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Re: Ditching your Financial Advisor??

Originally Posted by LOL!
Who are you agreeing with? I don't think I wrote that they were better than non-ETF index funds.
I took your words "interject here in this Vanguard lovefest" to imply that you were listing an alternative that might be better than a Vanguard fund. (Doesn't mean always better) And that maybe you weren't aware that Vanguard itself has very good ETFs. Sorry if I misunderstood you.

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Re: Ditching your Financial Advisor??
Old 11-11-2005, 01:24 PM   #22
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Re: Ditching your Financial Advisor??

For those of you who think I am a party to the Vanguard 'love fest' I would like to describe what I see as a difference.

I am a Fidelity customer, have been one for many years, but have recommended Vanguard from time to time.* Several years ago I moved my mother's accounts to Fidelity (from her saftey deposit box) because they have investor centers in many cities and there was a person she could sit down and talk with.* That personal contact meant a lot to her.* They contact me from time to time when they see her cash accumulating and give me suggestions. Their financial advise isn't bad, but over the years I have noticed that they do mention their own funds before others.* Fidelity seems to have noticed that Vanguard is eating into their market and is offering low cost index funds.*

So... both are good firms.* If you want or need to meet with a person face to face Fidelity is where to go.* If costs (however small the difference) matter more than personal contact Vanguard it great.

Duck bjorn.
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Re: Ditching your Financial Advisor??
Old 11-14-2005, 01:18 PM   #23
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Re: Ditching your Financial Advisor??

I had a financial advisor once. He was excellent. I let him go after about a 1 1/2 yrs. because I did not want to pay the 1% fee. As they said in one of the popular books, portfolio managers don't create returns, markets do. So good asset allocation is what you should be striving for.

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