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Old 04-16-2016, 06:03 AM   #21
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Morningstar has a tool, if you go back to 1976 when the Vanguard fund opened the Comstock returned average annual of over 13% vs over 11% for the index fund, including/net of fees and the load.
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Old 04-16-2016, 09:03 AM   #22
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Originally Posted by fourinone View Post
Morningstar has a tool, if you go back to 1976 when the Vanguard fund opened the Comstock returned average annual of over 13% vs over 11% for the index fund, including/net of fees and the load.


I'll take your word for it. The Morningstar fact sheets I looked at showed VTSAX ahead by quite a bit before fees and loads. Not sure if it went to since inception or not, but definitely in the last ten years it's taken a bath relative to cheap index funds.
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Old 04-16-2016, 09:09 AM   #23
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I don't mind paying some fees as long as it's reasonable, having an objective voice is good. I think index funds are ok to build value in an account, but the one size fits all thing has too many flaws for bigger money.
Should've addressed this in my first post, but I don't understand why something works for building value but is too flawed later. It's like you're implying that once you get past, say $5 million, if you don't pay loads and fees you're doing something wrong. If it works to get you there, it should continue to work so long as your risk tolerance and investing goals remain intact. If those change, well, yeah, do something different, but I don't think that necessarily has anything to do with an arbitrary number in your account.
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Old 04-16-2016, 03:29 PM   #24
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Originally Posted by fourinone View Post
Morningstar has a tool, if you go back to 1976 when the Vanguard fund opened the Comstock returned average annual of over 13% vs over 11% for the index fund, including/net of fees and the load.
Can you show the output of the tool? Or show the exact comparison you made? I don't think the numbers work out the way you are saying, but I'll never know unless you show details.

As far as needing to move into managed load funds once you reach a certain level of assets, I disagree totally. Like Nash031 says, if the strategy got you there, it should continue to work. For that matter, if you are paying, say, .75% on a $1M, that's $7500/year. At $5M, that's almost $40K/year. There's nothing I would pay anyone that much money for, even if it included a happy ending.


Edit: I've run comparisons against VFINX and ACSTX using 4 different chart comparisons, and the results are all over the place. Sometimes VFINX wins, sometimes ACSTX does. Obviously I don't know what I'm doing. If anybody knows how to compare these (or any) funds easily with fees included, I'd love to see how. Please educate me.
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Old 04-16-2016, 03:33 PM   #25
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It seems you've determined that the investments are bad without knowing anything about UITs or Invesco.
I determined that UITs are bad investments by the simple action of owning them. As I said in a previous post, the fact that you are forced to sell each year (or whatever period) can create unnecessary massive losses if the timing is bad, and do create significant taxable events constantly, unless you own them in a tax sheltered account. After a few years experience with them I realized my ex-FA was making more on them than I was.
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Old 04-18-2016, 05:55 PM   #26
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It seems you've determined that the investments are bad without knowing anything about UITs
The problem with the UITs, even if you put the fees aside, is that I can't even assess performance. They have no ticker, so nowhere to go to see what they've done. If you have a way to assess them I would love for you to share.
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