teejayevans
Thinks s/he gets paid by the post
- Joined
- Sep 7, 2006
- Messages
- 1,692
On Ray Lucia's 07/24 show, he has said index funds no longer work.
The 90s were a decade of index funds because the entire market
was going up, so low cost made sense. But this is no longer the
case, he used the Russell 1000 growth index from 3/31/00-3/31/08
as an example which has low single digit returns, compared to the
"top" account managers when double digit returns.
Looking at total returns for VIGRX (~2% last 10 yrs) and
VTSMX (~3.7% last 10 yrs), even VGTSX is only about
6.4% for last 10 yrs.
I don't have the option yet because I'm still working but
got me thinking maybe Bogleheads are wrong. Obviously
he choose the worst case, but even the 10 year returns
are less then satisfactory.
Anybody have a web site where I can compare these "top" account
managers?
TJ
The 90s were a decade of index funds because the entire market
was going up, so low cost made sense. But this is no longer the
case, he used the Russell 1000 growth index from 3/31/00-3/31/08
as an example which has low single digit returns, compared to the
"top" account managers when double digit returns.
Looking at total returns for VIGRX (~2% last 10 yrs) and
VTSMX (~3.7% last 10 yrs), even VGTSX is only about
6.4% for last 10 yrs.
I don't have the option yet because I'm still working but
got me thinking maybe Bogleheads are wrong. Obviously
he choose the worst case, but even the 10 year returns
are less then satisfactory.
Anybody have a web site where I can compare these "top" account
managers?
TJ