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T.Rowe Price or Other providers?
12-06-2021, 01:29 PM
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#1
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Dryer sheet wannabe
Join Date: Feb 2018
Posts: 22
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T.Rowe Price or Other providers?
Hi everyone,
Hope you are doing well. I have a question about Roth IRA with T.RowePrice provider and would like to ask your opinions. I have about 200k roth IRA with Troweprice investing in ( global technology fun PRGTX) for about more than 10 years now. It has been doing ok but the expense ratio is high (0.86%). I was wondering if I could move it to a different provider like vanguard or fidelity with the same fun but cheaper expense ratio. ?
thank you so much.
joe
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12-06-2021, 01:34 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Nov 2011
Posts: 3,877
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You can find lower expense ratios than that, and in my experience Price is not trustworthy. You'll find many lower expense funds at Fidelity, and the company has a better track record with retirement accounts.
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12-06-2021, 01:53 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Jan 2013
Posts: 3,405
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Quote:
Originally Posted by GrayHare
You can find lower expense ratios than that, and in my experience Price is not trustworthy. You'll find many lower expense funds at Fidelity, and the company has a better track record with retirement accounts.
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Curious what led you to conclude they are not trustworthy. I have had accounts with them for maybe 20 years, never had a problem.
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12-06-2021, 02:25 PM
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#4
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Full time employment: Posting here.
Join Date: May 2017
Location: Southeastern PA
Posts: 766
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Quote:
Originally Posted by Another Reader
Curious what led you to conclude they are not trustworthy. I have had accounts with them for maybe 20 years, never had a problem.
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+1
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12-06-2021, 02:50 PM
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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: Apr 2013
Posts: 11,078
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Quote:
Originally Posted by Another Reader
Curious what led you to conclude they are not trustworthy. I have had accounts with them for maybe 20 years, never had a problem.
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Generally those type comments come from a bad experience with an organization. Who knows but I've tried to learn what makes people unhappy with an experience.
TRP like most fund companies charge a lot for their sector chasers. I don't think their offerings are better or worse than the others but I didn't look at the example.
While I wouldn't move money there, its not because I think something untrustworthy is going on.
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12-06-2021, 02:55 PM
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#6
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Thinks s/he gets paid by the post
Join Date: Nov 2011
Posts: 3,877
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Put simply, clear cut fraud, but I don't want to divert from the OP's topic. To the OP, the brokerages most here seem to be happiest with are Fidelity, Vanguard, and Schwab. I believe all of them offer a global tech fund of their own, and you should be able to find the expense ratios at their respective sites.
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12-06-2021, 03:09 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Jun 2013
Posts: 2,518
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Quote:
Originally Posted by GrayHare
Put simply, clear cut fraud, but I don't want to divert from the OP's topic. To the OP, the brokerages most here seem to be happiest with are Fidelity, Vanguard, and Schwab. I believe all of them offer a global tech fund of their own, and you should be able to find the expense ratios at their respective sites.
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That's quite a claim. Care to provide details?
I'm all for index funds with the lowest of expense ratios, but I maintained a solo 401K at TRP until 2018 and thought they provided great service. I still use PRNEX as the proxy for "Commodities", as I can't find a low expense index fund to cover that part of our asset allocation.
__________________
"Luck favors the prepared mind"
Pasteur
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12-06-2021, 03:28 PM
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#8
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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: 9,686
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Quote:
Originally Posted by weester
Hi everyone,
Hope you are doing well. I have a question about Roth IRA with T.RowePrice provider and would like to ask your opinions. I have about 200k roth IRA with Troweprice investing in ( global technology fun PRGTX) for about more than 10 years now. It has been doing ok but the expense ratio is high (0.86%). I was wondering if I could move it to a different provider like vanguard or fidelity with the same fun but cheaper expense ratio. ?
thank you so much.
joe
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No, you cannot get a lower expense ratio since it is part of the mutual fund's internal costs.
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12-06-2021, 03:32 PM
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#9
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Thinks s/he gets paid by the post
Join Date: Jan 2013
Posts: 3,405
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I look at performance net of fees. The overall performance of the funds I chose has been consistently good. It would cost a lot in taxes to reduce fund expenses on taxable funds held since before indexing became a thing. And who knows if the net performance would be better?
An allegation of fraud deserves more of an explanation. Difficult to believe without details.
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12-06-2021, 03:50 PM
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#10
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Dryer sheet wannabe
Join Date: Feb 2018
Posts: 22
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thank you for your opinions. I check return of PRGTX return this year is ~12% vs VTI(vanguard index fund) is ~22%. I was wondering if i can roller to this vanguard VTI from trowprice PRGTX.
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12-06-2021, 04:24 PM
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#11
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2011
Posts: 8,363
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Quote:
Originally Posted by GrayHare
Put simply, clear cut fraud, . .
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Wow! Pretty strong comment. Details would be helpful.
Been with them for 30 years and dad was with them for 50 years with no issues. I can understand a bad experience or ineptitude of an individual, but to accuse fraud of the entire company is..... interesting. Details please!
__________________
Living well is the best revenge!
Retired @ 52 in 2005
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12-06-2021, 04:33 PM
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#12
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Full time employment: Posting here.
Join Date: May 2017
Location: Southeastern PA
Posts: 766
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Quote:
Originally Posted by marko
Wow! Pretty strong comment. Details would be helpful.
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The part (that I bolded) is curious too. What does that even mean?
Quote:
Originally Posted by GrayHare
You'll find many lower expense funds at Fidelity, and the company has a better track record with retirement accounts.
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12-06-2021, 04:42 PM
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#13
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Thinks s/he gets paid by the post
Join Date: Nov 2011
Posts: 3,877
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Happy to share more after the authorities have finished their efforts, or by then you might hear about it from other sources.
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12-06-2021, 05:39 PM
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#14
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2011
Posts: 8,363
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Quote:
Originally Posted by GrayHare
Happy to share more after the authorities have finished their efforts, or by then you might hear about it from other sources.
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That's an even more serious claim. Do you think my portfolio is safe?
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12-06-2021, 09:59 PM
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#16
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2013
Posts: 11,078
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Quote:
Originally Posted by chassis
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+1
Speaks to the organization not the investments. Not condoning the allegations behind the suit but its different from a fund that's being run improperly.
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12-07-2021, 12:43 AM
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#17
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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: 9,686
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Quote:
Originally Posted by weester
thank you for your opinions. I check return of PRGTX return this year is ~12% vs VTI(vanguard index fund) is ~22%. I was wondering if i can roller to this vanguard VTI from trowprice PRGTX.
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If this is in a taxable brokerage you can't exchange one fund for another without incurring capital gains or losses. The concept of rollover doesn't apply to your example. Your example is called an exchange.
If your fund is held in an IRA then the capital gains are not taxable this year.
Is VTI available to trade in your account?
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12-07-2021, 04:48 AM
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#18
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Thinks s/he gets paid by the post
Join Date: Dec 2015
Location: Michigan
Posts: 4,962
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Quote:
You'll find many lower expense funds at Fidelity.
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+1
__________________
"The mountains are calling, and I must go." John Muir
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12-07-2021, 08:49 AM
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#19
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Dryer sheet wannabe
Join Date: Feb 2018
Posts: 22
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Quote:
Originally Posted by target2019
If this is in a taxable brokerage you can't exchange one fund for another without incurring capital gains or losses. The concept of rollover doesn't apply to your example. Your example is called an exchange.
If your fund is held in an IRA then the capital gains are not taxable this year.
Is VTI available to trade in your account?
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VTI is not available to trade in my acct (troweprice.
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