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06-25-2008, 09:23 PM
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#1
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Dryer sheet wannabe
Join Date: Jun 2008
Posts: 16
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USAA or Vanguard
Hello,
Am trying to decide whether to execute a financial plan, devised by a USAA CFP, involving about 12 positions in USAA and non-USAA funds. The non-USAA funds will involve ca. $500 to establish initial positions in the brokerage! Seems steep. The adviser seems competent but the folks over at Bogleheads have more or less torn it apart. I'd appreciate any feedback on folks who've had experience with USAA advising services and the equivalent at Vanguard and how they've fared. Thanks, John.
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06-25-2008, 09:33 PM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 49,707
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johnk, I have experience with both and agree with the folks at Bogleheads - go with Vanguard. USAA advisors are better than most but their funds and brokerage costs aren't that great. You'll have a tough time finding a better overall value than Vanguard.
__________________
Numbers is hard
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06-25-2008, 11:25 PM
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#3
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Full time employment: Posting here.
Join Date: Jan 2006
Posts: 899
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Vanguard
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06-25-2008, 11:35 PM
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#4
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,845
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 Quote:
Originally Posted by johnk
I'd appreciate any feedback on folks who've had experience with USAA advising services and the equivalent at Vanguard and how they've fared. Thanks, John.
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I've been with USAA for over 25 years.
If you want to insure your car or your house or your personal liability, then go to USAA. IIRC one of the "A"s stands for "automobile".
If you want someone to invest your money, or if you want someone to tell you how to invest your money, then go to Fidelity or Vanguard. They charge less and they have a better track record.
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Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
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06-26-2008, 01:27 AM
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#5
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2007
Posts: 5,072
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I would go with the one that has a good reputation, is least expensive and helps me achieve my goals.
I have not used USAA... but I know people that do and they seem pleased with it.
IMHO - VG is the lowest cost MF company and they have a good reputation.
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06-26-2008, 07:32 AM
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#6
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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USAA has some decent funds, but they tend to be much costlier than Vanguard's. More often than not I would prefer the Vanguard funds -- though despite the costs, USAA's gold fund (USAGX) is one of the best there is and that is certainly one USAA fund I would hold (and do).
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"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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06-26-2008, 08:21 AM
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#7
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Dryer sheet wannabe
Join Date: Jun 2008
Posts: 16
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Thank you for your responses. I very much appreciate it. John.
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06-27-2008, 11:39 AM
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#8
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Thinks s/he gets paid by the post
Join Date: Mar 2007
Posts: 3,323
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Ditto exactly what Nords said.
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06-27-2008, 01:35 PM
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#9
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Thinks s/he gets paid by the post
Join Date: Jan 2006
Posts: 1,645
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Another Ditto to Nords. I transferred my USAA funds to Vanguard a few years back. Big difference in costs/fees.
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06-27-2008, 01:43 PM
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#10
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Recycles dryer sheets
Join Date: Feb 2008
Posts: 147
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I've used USAA for banking and insurance for years and have always been a happy customer. I sold some inherited USAA funds long ago and am now primarily with Vanguard and a few other companies (not USAA), and have been satisfied there as well. It would be hard to go wrong choosing Vanguard.
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