Telly
Thinks s/he gets paid by the post
- Joined
- Feb 22, 2003
- Messages
- 2,395
I award three Pinocchios. Run.
Thank You, Travelover!
That was my first laugh of the day... and it's 11:30 PM, so I almost went without.
I award three Pinocchios. Run.
How do you find these free dinners? I never get invited to those but I get junk mail for financial newsletters all the time.
Man, what a tough crowd!
Annuities! AAAARRRRRGGGH.Yes indeed and we aren't even talking about annuities !
How do you find these free dinners? I never get invited to those but I get junk mail for financial newsletters all the time.
Yes indeed and we aren't even talking about annuities !
It's nice though when you have a forum that lets people calls em az thays seez em.
Ditto. I get at least a couple "invitations" per month, though I've never gone to one.
Morning All -
Had visit with Financial Planner other day - free seminar - I try to pick up information.
I am still leaning towards doing my own "active" management using what I have learned on here, including using low cost Vanguard funds.
In the seminar the planner mentioned that you can't just go by the prospectus expense ratio. You need to include also the other "hidden" fees - management, admin, ... His focus was when you include those fees they are not much different than his charge of 1.4%.
So my question is how do I compare apples to apples??
Do I include the expense ratio and other fees identified in the prospectus against his 1.4%? Does his 1.4% include all of the mutual funds fees or are they on top of them (i.e., 1.4% plus expense ratio + ...)?
For our FIRE we are looking to need about a net 4% long term growth on our investments. Having high expenses can really put strain on fund performance.
Thanks
Kannon
Every other dinner has been hosted by financial advises looking for paying clients. I always wonder if they get any.
Amethyst
You have to ask him what his fee covers. Be prepared for him to be squirrelly, and having to keep trying to pin him down. Good luck.
But the costs of funds differ from company to company. Vanguards costs are what the fund's ER states. I'm stuck with some Oppenheimer funds for a few years, and they're completely opposite.
You don't need to squander your returns on a salesman whose job is to sell you his company's package - which will be expensive. Look hard at Vanguard. Others suggest Fidelity. Find low cost, no load funds to meet your needs. Get a little education. It's not rocket science. It's basic math.
Costs eradicate returns.
Sent from my iPad using Early Retirement Forum
In addition to free dinners for investors, Mr. A., having reached RMD age, now gets invitations to tour local geriatric storage institutions.
It is fun to go, but that's just me. I really get a lot of info by watching how others react to certain statements. Usually, someone glances over and raises their eyebrows at something bombastic.I've never encountered that term- love it!
DH and I think the Motor Vehicle Department may sell our info. How else would AARP manage to time their first solicitation? I think mine arrived just about age 50.
I'm also tempted to try one of those "free gourmet dinners"- DH and I get one or two mailings a month. One actually says it's "recommended" for seniors with $500k+ to invest. Most, reading between the lines, are pitching some sort of annuities.
It might be fun to go and ask impertinent questions.
Agree. I went to a couple, and enjoyed my dinner companions but the food and the pitch were terrible. I don't get the draw of free food for millionaires, who for the most part are not short of provisions.I think I would rather go to the dentist that the "free" meal. Sounds like it it right up there with timeshare freebie pitches.
I don't get the draw of free food for millionaires, who for the most part are not short of provisions.