calmloki
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
A year or more ago I tried out Personal Capital - put in a few accounts and passwords and they aggregate your holdings and show you what you have and have earned or lost. Very easy, one site and password to remember and all the data is right there. One of the founders was a big cheese with Quicken and Paypal and they make a big deal of how secure your data is. We didn't divulge all our accounts to Personal Capital, but I will say there has been no hint of any data leakage or compromise (unlike going shopping at Target for instance). Up till a few weeks ago we had one low key call from PC.
Couple weeks ago we got a call and I filled the caller in on our assets and their composition. He got all enthused and we got another call last week. I listened to the pitch and got the fee schedule and said we were pretty certain not to be customers, but he wants to call back Wednesday. I don't want to do my standard knee jerk "NO!", so I'm looking for input. We do ok with other than stock market holdings and I've done some stunningly dumb things (given hindsight), like selling our stock holdings on 8/31 2012 and sitting out that icky old 2013 30% market surge. Still, this year, now that prices are higher, we've been buying back in at a couple thousand each week, 1/2 Vanguard VTSAX and 1/2 VIMSX.
Personal Capital says this for fees:
"Our fees are low, transparent, and aligned with our clients’ best interest. One simple fee includes investment advice, portfolio management, custody and trading. The schedule is as follows:
This arrangement makes Tactical Weighting and Tax Optimization possible. We are excited to offer the type of service previously only available to institutions and ultra-high net worth individuals".
I'm dubious that Personal Capital can overcome a 0.65 to 0.75% fee bump over Vanguard's fees. OTOH, about all I plan to do is camp out on that 50/50 pair of US stock funds, so no re-balancing or sector weighting or nuttin. What do you think? PC or plodding purchases?
Couple weeks ago we got a call and I filled the caller in on our assets and their composition. He got all enthused and we got another call last week. I listened to the pitch and got the fee schedule and said we were pretty certain not to be customers, but he wants to call back Wednesday. I don't want to do my standard knee jerk "NO!", so I'm looking for input. We do ok with other than stock market holdings and I've done some stunningly dumb things (given hindsight), like selling our stock holdings on 8/31 2012 and sitting out that icky old 2013 30% market surge. Still, this year, now that prices are higher, we've been buying back in at a couple thousand each week, 1/2 Vanguard VTSAX and 1/2 VIMSX.
Personal Capital says this for fees:
"Our fees are low, transparent, and aligned with our clients’ best interest. One simple fee includes investment advice, portfolio management, custody and trading. The schedule is as follows:
- First $250,000:0.95%
- Next $250,000:0.90%
- Next $500,000:0.85%
- Next $4,000,000:0.80%
- Remaining:0.75%
This arrangement makes Tactical Weighting and Tax Optimization possible. We are excited to offer the type of service previously only available to institutions and ultra-high net worth individuals".
I'm dubious that Personal Capital can overcome a 0.65 to 0.75% fee bump over Vanguard's fees. OTOH, about all I plan to do is camp out on that 50/50 pair of US stock funds, so no re-balancing or sector weighting or nuttin. What do you think? PC or plodding purchases?