|
|
05-17-2021, 11:27 AM
|
#61
|
Thinks s/he gets paid by the post
Join Date: Feb 2021
Posts: 2,351
|
Quote:
Originally Posted by Sunset
People think 1% is only 1 out of 100 so that's low.
|
Yeah, $1 from $100 doesn't sound so bad. $10 from $1,000 isn't much either. They don't think about what happens when it starts being $1,000 from $100,000 or $10,000 from $1,000,000.
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
05-17-2021, 01:21 PM
|
#62
|
Full time employment: Posting here.
Join Date: Apr 2014
Location: Houston
Posts: 958
|
@F.I.R.E. - am curious where you ended up on your thinking. You are currently in relatively expensive funds (see attached) provided by a relatively expensive financial advisor company. But reading this discussion thread, you possibly seem to be uncomfortable working numbers and managing your assets yourself?
__________________
"Learn everyday, but especially from the experiences of others. It's cheaper! " - John Bogle
|
|
|
05-17-2021, 01:26 PM
|
#63
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2017
Location: City
Posts: 10,351
|
Quote:
Originally Posted by disneysteve
Yeah, $1 from $100 doesn't sound so bad. $10 from $1,000 isn't much either. They don't think about what happens when it starts being $1,000 from $100,000 or $10,000 from $1,000,000.
|
Here's a chart I use in my Adult-Ed investing class:
__________________
Ignoramus et ignorabimus
|
|
|
05-17-2021, 01:40 PM
|
#64
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,370
|
Quote:
Originally Posted by F.I.R.E User
I started to invest in Roth IRA in early 2007 with Edward Jones. I know EJ has a bad reputation in the F.I.R.E community because of their loaded funds and some high expense ratios.
I have invested $54k so far till present day and my balance is at $141,192.74. Is this considered as good as if I were to buy low cost index funds? My MF’s are actively managed so fund managers are suppose to beat the average index market.
Should I stay with EJ or go to something like Vanguard?
|
Based on the investments that you made as outlined in post#25, I ran Portfolio Visualizer assuming a deposit as of Jan 1 of each year through April 2021 invested in VTSAX with dividends reinvested. I came up with a total of $160,844... almost 14% higher. I'm actually pleasantly surprised that it was so close.
2007.... https://www.portfoliovisualizer.com/...ocation1_1=100
2008... https://www.portfoliovisualizer.com/...ocation1_1=100
You get the idea.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
|
|
|
05-17-2021, 02:11 PM
|
#65
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2013
Posts: 11,078
|
OP, I know is Ed should be able to get you your return and if they can't American Funds can. One thing I know about AFS/Capital Group is they support their customers.
|
|
|
05-17-2021, 04:16 PM
|
#66
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2017
Location: City
Posts: 10,351
|
Quote:
Originally Posted by MRG
... I know is Ed should be able to get you your return and if they can't American Funds can. ...
|
Sorry, to me this is equivalent to simultaneously believing in the Easter Bunny and in Bigfoot. If you have statistical study data to support your assertion, please provide it.
__________________
Ignoramus et ignorabimus
|
|
|
05-17-2021, 05:54 PM
|
#67
|
Thinks s/he gets paid by the post
Join Date: Oct 2020
Location: Sugar Land, Texas
Posts: 1,245
|
Quote:
Originally Posted by Whisper66
Ask yourself why you are with EJ. They provide you something you value. Only you can answer what that is. But you allow them to manage your money without understanding the real monetary returns they are providing. If you understand why you’ve stayed with them this long, you will understand why they are keeping their jobs. They fill a need for some people.
|
Front load decreases with account value.
|
|
|
05-17-2021, 05:55 PM
|
#68
|
Thinks s/he gets paid by the post
Join Date: Oct 2020
Location: Sugar Land, Texas
Posts: 1,245
|
Quote:
Originally Posted by Sunset
People are bad at math.
People want someone to handle the "complex stuff".
People have no interest in saving or investing, often don't even know what the interest rates are of loans, savings, etc.
People don't read EVERY page of the annual report that the brokerage sends them so they never see the 1%->2% fee.
People think 1% is only 1 out of 100 so that's low.
|
Which category do I fall into?
|
|
|
05-17-2021, 05:56 PM
|
#69
|
Thinks s/he gets paid by the post
Join Date: Oct 2020
Location: Sugar Land, Texas
Posts: 1,245
|
Quote:
Originally Posted by disneysteve
Yeah, $1 from $100 doesn't sound so bad. $10 from $1,000 isn't much either. They don't think about what happens when it starts being $1,000 from $100,000 or $10,000 from $1,000,000.
|
Are you talking about the ER?
|
|
|
05-17-2021, 05:57 PM
|
#70
|
Thinks s/he gets paid by the post
Join Date: Oct 2020
Location: Sugar Land, Texas
Posts: 1,245
|
Quote:
Originally Posted by Whisper66
@F.I.R.E. - am curious where you ended up on your thinking. You are currently in relatively expensive funds (see attached) provided by a relatively expensive financial advisor company. But reading this discussion thread, you possibly seem to be uncomfortable working numbers and managing your assets yourself?
|
I am not very good at complex stuff. I still have not gotten any comparison to the index market vs the MF I am invested in.
|
|
|
05-17-2021, 05:59 PM
|
#71
|
Thinks s/he gets paid by the post
Join Date: Oct 2020
Location: Sugar Land, Texas
Posts: 1,245
|
Quote:
Originally Posted by OldShooter
Here's a chart I use in my Adult-Ed investing class:
|
He helps with what will my expenses will be in retirement and checks out my 401K to see if any re balancing is needed.
|
|
|
05-17-2021, 06:03 PM
|
#72
|
Thinks s/he gets paid by the post
Join Date: Oct 2020
Location: Sugar Land, Texas
Posts: 1,245
|
Quote:
Originally Posted by pb4uski
|
I invested in random days throughout the year so it was not on first of January for those years.
Appreciate your assistance.
You mean I could have had almost $20K more in my Roth IRA if I invested only in VTSAX from 2007 compare to the funds that I listed that I am invested in now? Taking into the account the Front load/ER fees for EJ.
|
|
|
05-17-2021, 06:04 PM
|
#73
|
Thinks s/he gets paid by the post
Join Date: Oct 2020
Location: Sugar Land, Texas
Posts: 1,245
|
Quote:
Originally Posted by MRG
OP, I know is Ed should be able to get you your return and if they can't American Funds can. One thing I know about AFS/Capital Group is they support their customers.
|
It does not go back more than 5 years in the app.
|
|
|
05-17-2021, 06:05 PM
|
#74
|
Thinks s/he gets paid by the post
Join Date: Oct 2020
Location: Sugar Land, Texas
Posts: 1,245
|
Quote:
Originally Posted by OldShooter
Sorry, to me this is equivalent to simultaneously believing in the Easter Bunny and in Bigfoot. If you have statistical study data to support your assertion, please provide it.
|
AF would not have my info. EJ would right?
|
|
|
05-17-2021, 06:49 PM
|
#75
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2013
Posts: 11,078
|
Quote:
Originally Posted by F.I.R.E User
AF would not have my info. EJ would right?
|
Both. Jones holds your total picture, they push six fund families so they have to aggregate the statements for some customers. Your funds are likely registered in your name, not Jones, so AFS knows you as a Jones customer. I think it works like this but have never tested that theory.
Now will AFS answer your questions? I'm not sure, obviously they want you to love their products and they have all the data if the account is registered in your name. You'll have to call and go fishing, I'm sure you're not the first Eddie Jones guy to call. You pay a premium for American Funds might as well ask for their premium services. Your question is very basic, the data exists albeit it may need interpretation.
|
|
|
05-17-2021, 07:16 PM
|
#76
|
Thinks s/he gets paid by the post
Join Date: Oct 2020
Location: Sugar Land, Texas
Posts: 1,245
|
I know I have gotten advice before to switch to Vanguard before.
Is it really possible to transition to VTSAX at Vanguard Roth IRA from EJ without fees?
|
|
|
05-17-2021, 07:27 PM
|
#77
|
Full time employment: Posting here.
Join Date: Apr 2014
Location: Houston
Posts: 958
|
Quote:
Originally Posted by F.I.R.E User
......I still have not gotten any comparison to the index market vs the MF I am invested in.
|
Don't know why you say that. I provided exactly that comparison in my 4/30 post. Others have provided their input as well.
I see you asking lots of questions witiout seeming to put in the effort to understand the answers or doing any research on your own. I think I will therefore bow out of this discussion. Good luck to you.
__________________
"Learn everyday, but especially from the experiences of others. It's cheaper! " - John Bogle
|
|
|
05-17-2021, 07:39 PM
|
#78
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2013
Posts: 11,078
|
Quote:
Originally Posted by F.I.R.E User
I know I have gotten advice before to switch to Vanguard before.
Is it really possible to transition to VTSAX at Vanguard Roth IRA from EJ without fees?
|
You can call Vanguard and they'll move the money for free. Jones will charge you various account closure fees, they're in the TOS.
|
|
|
05-17-2021, 08:16 PM
|
#79
|
Thinks s/he gets paid by the post
Join Date: Oct 2020
Location: Sugar Land, Texas
Posts: 1,245
|
Quote:
Originally Posted by MRG
You can call Vanguard and they'll move the money for free. Jones will charge you various account closure fees, they're in the TOS.
|
I have multiple funds in the Roth at EJ. Does this mean all the funds will be sold and then bought at Vanguard? Won’t I lose value by selling and buying again?
|
|
|
05-18-2021, 05:54 AM
|
#80
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2008
Location: On a hill in the Pine Barrens
Posts: 9,720
|
On average you're losing a minimum of 2% average return in fees to the advisor and fund companies over longer periods of time.
If you do decide to move your investments, then the new company should be able to provide a complete analysis of what you must sell, what can be transferred, and the impact of fees.
The new company (Fidelity, Schwab or Vanguard) will charge nothing to accept your money. The prior company always charges fees when you leave, and that is listed in your agreement with them.
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|