VG vs. Fidelity : exp ratio comparisons? - Page 3

Keyboard Ninja · 09-30-2008, 07:02 PM

Just found this thread and had a noobie question.

I'm comparing FDFAX, and VDC. Just looking at the expense VDC is the clear winner (I think?). Now doing random internet searches I noticed lots of people claim Fidelity is more active than Vanguard when it comes to watching over their funds. Does that have any truth to it?

cute fuzzy bunny · 09-30-2008, 08:22 PM

And is that a good thing or a bad thing?

Keyboard Ninja · 09-30-2008, 08:30 PM

Quote:

Originally Posted by cute fuzzy bunny

And is that a good thing or a bad thing?

Was that directed towards me? If so I would assume being more active is better, but I have been known to be wrong quite often

. Is that even something to think about?

ERD50 · 09-30-2008, 08:43 PM

Quote:

Originally Posted by Keyboard Ninja

Was that directed towards me? If so I would assume being more active is better, but I have been known to be wrong quite often

. Is that even something to think about?

More active means higher fees, higher taxable events, and usually - worse performance (when compared with an index fund of equivalent volatility).

more here:

http://www.early-retirement.org/foru...39&postcount=1

-ERD50

cute fuzzy bunny · 09-30-2008, 09:12 PM

One of those little paradoxes of investing. Experts messing with money produces worse results the vast majority of the time than just making a bunch of dartboard picks and sticking with them.

Unless your investing expert is Buffet, Soros, Lynch or up until recently, Bill Miller.

Anyone else notice how Millers Value Trust Fund has been absolutely punched in the face the last two years? He's already unraveled himself to trailing the S&P500 over 1, 3, 5, and 10 years. Another bad year and he'll undo 15 years of beating the index.

Gardnr · 09-30-2008, 11:22 PM

Quote:

Originally Posted by cute fuzzy bunny

One of those little paradoxes of investing. Experts messing with money produces worse results the vast majority of the time than just making a bunch of dartboard picks and sticking with them.

Unless your investing expert is Buffet, Soros, Lynch or up until recently, Bill Miller.

Anyone else notice how Millers Value Trust Fund has been absolutely punched in the face the last two years? He's already unraveled himself to trailing the S&P500 over 1, 3, 5, and 10 years. Another bad year and he'll undo 15 years of beating the index.

Yep, he was riding that wave and now it's crashing down. He was extraordinarily right for quite some time though, eh? And the longer that "track record" got, the more people probably piled into it (it's not closed, is it?), and now they're wondering why it went so wrong.

cute fuzzy bunny · 10-01-2008, 08:15 AM

He picked huge winners at about the right times. But considering the number of fund managers and funds, far more of them should have accidentally bought dell, amazon, google and the rest at just about the right time and beaten the market.

Yet theres only a small number, and almost always for a very short time.

Nords · 10-01-2008, 11:12 AM

Quote:

Originally Posted by Gardnr

... and now they're wondering why it went so wrong.

~~Peter Lynch Success Syndrome~~ Fund bloat.

After expense ratios, this is the #2 reason we exited mutual funds for ETFs.

09-30-2008, 07:02 PM	#41
Keyboard Ninja Recycles dryer sheets Join Date: Apr 2008 Posts: 132	Just found this thread and had a noobie question. I'm comparing FDFAX, and VDC. Just looking at the expense VDC is the clear winner (I think?). Now doing random internet searches I noticed lots of people claim Fidelity is more active than Vanguard when it comes to watching over their funds. Does that have any truth to it? __________________ - Active Duty USAF since 2006 - I'm hoping to also complete the necessary college course work to get accepted at a school in DC. - Reading is my biggest problem because my eyes jump all over the pages, and I think about a million things at once. - I think I am a pretty good multi-tasker but sometimes that also gets me no where.

09-30-2008, 08:22 PM	#42
cute fuzzy bunny Give me a museum and I'll fill it. (Picasso) Give me a forum ... Join Date: Dec 2003 Location: Losing my whump Posts: 22,527	And is that a good thing or a bad thing? __________________ Many an optimist has become rich by buying out a pessimist

09-30-2008, 09:12 PM	#45
cute fuzzy bunny Give me a museum and I'll fill it. (Picasso) Give me a forum ... Join Date: Dec 2003 Location: Losing my whump Posts: 22,527	One of those little paradoxes of investing. Experts messing with money produces worse results the vast majority of the time than just making a bunch of dartboard picks and sticking with them. Unless your investing expert is Buffet, Soros, Lynch or up until recently, Bill Miller. Anyone else notice how Millers Value Trust Fund has been absolutely punched in the face the last two years? He's already unraveled himself to trailing the S&P500 over 1, 3, 5, and 10 years. Another bad year and he'll undo 15 years of beating the index. __________________ Many an optimist has become rich by buying out a pessimist

10-01-2008, 08:15 AM	#47
cute fuzzy bunny Give me a museum and I'll fill it. (Picasso) Give me a forum ... Join Date: Dec 2003 Location: Losing my whump Posts: 22,527	He picked huge winners at about the right times. But considering the number of fund managers and funds, far more of them should have accidentally bought dell, amazon, google and the rest at just about the right time and beaten the market. Yet theres only a small number, and almost always for a very short time. __________________ Many an optimist has become rich by buying out a pessimist

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