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Old 01-30-2011, 08:15 PM   #21
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Originally Posted by freebird5825 View Post
Don't you mean 0.50% and 0.30% for the expense ratios?

23 funds is crazy. There are 2 possibilities here...and I'm really trying to get my hands around this.
Either your 403b plan is administered by someone buying yachts by the dozen, or this data is not quite right.
Which is it?
Sorry, they have 50% of my portfolio is a Flex Aggressive large caps stock and 30% in a Flex Dynamic large cap stocks...with the high ER fees.

And at those ratios...both!
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Old 01-30-2011, 08:17 PM   #22
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Originally Posted by Gone4Good View Post
Here's one of those funds, which, I imagine, only exists because Financial Advisers exist to put people into them . . .

Fidelity Flex Growth

It's a fund of funds that charges 2.8%. Maybe, maybe, I could understand that for a fund that held a portfolio of hedge funds, but this one holds run-of-the-mill mutual funds, including the Russell 2000 Growth Index ETF and PowerShares QQQ.

From the prospectus, it looks like they layer 180bp of fees onto the fees already charged by the underlying funds. Basically this is just a vehicle designed to separate uninformed investors from their money.

I'd ask your FA why he put you in this and not the underlying funds, which would have saved 1.80% per year. And as a follow up, I'd ask why you should continue trusting him with your money when he's been so careless with it?
After my meeting I will drop Meeder as my FA. I will continue reading and figure out what investments I am comfortable with.
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Old 01-30-2011, 10:11 PM   #23
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Originally Posted by Gone4Good View Post
Here's one of those funds, which, I imagine, only exists because Financial Advisers exist to put people into them . . .

Fidelity Flex Growth

It's a fund of funds that charges 2.8%.
Some wizard is gonna come up with a fund made up of funds-of-funds. Imagine the diversity you'd have with that! It's diversity to the nth power!

-ERD50
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