crispus
Recycles dryer sheets
- Joined
- Jun 24, 2004
- Messages
- 168
I currently have my retirement accounts with Fidelity Personal Advisory Service. We are both 55 years old and want to retire by 62. I have recently read the "New Coffeehouse Investor" and we are thinking of switching to this index style of investments. The PAS historical returns for the last 10 years are arount one percent. This compares with the five percent return of the coffeehouse style.
I called PAS and they are trying to talk me out of changing, because they believe that the managed account style will beat the index style over the long run (even though it has not in the last 10 year period). They said that they have a fiduciary commitment to me, with over 70 full time annalists (they talk daily with Bill Gross), and over 50 billion in assets giving me the advantage of institutional funds.
I want to do what is best for me and my family. Please advise.
I called PAS and they are trying to talk me out of changing, because they believe that the managed account style will beat the index style over the long run (even though it has not in the last 10 year period). They said that they have a fiduciary commitment to me, with over 70 full time annalists (they talk daily with Bill Gross), and over 50 billion in assets giving me the advantage of institutional funds.
I want to do what is best for me and my family. Please advise.