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#976 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $631900
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Quote:
Vanguard also lets you trade their Vanguard ETFs free, as much as you want, if you have an account with them as well. This is about 55 free ETFs. Obviously, buying into their mutual funds in your ROTH is free as well.
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#977 | |
Woman should only make babies
Join Date: Nov 2003
Location: Apartment "G UNIT!"
Casino cash: $2016136
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Quote:
my line thinking is have a roth from work with whateber funds they do and then have the Lewdog of St joe from Edward Jones do the other roth. Hopefully if one preforms like shit the other one will preform less shitty. Also guy can direct you to the stocks with lowest fees and show you different stuffm Yeah he may be pushing shit onto me but like I said one day my gut said I need to talk to a pro and make mistakes so I can learn
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#978 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $631900
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Quote:
I much prefer to decide where my money is going and what I am investing in, not someone else's thought who has no stake in what happens to me. No reason people can't read about expense ratios, compare gains of 1/5/10 year spans on funds and decide where to put their money. The online charts let you sort by fees, gains, etc. It's easy to see what's been hot, cold or cheap. There's plenty of ways to passively invest and not get eaten up by fees that firms may charge you (Index funds). I don't trust Jack Schidt at Edward Jones to somehow know more than me. And if Jack Schidt provides me with little growth, on top of his fees, I am really ****ing far behind the curve. Many have little training at these big investment places, especially if you are dealing with small accounts. Then again, many people have no idea how to invest, so something IS better than nothing for many I suppose. I don't think Buehler falls into that category though. I don't see a need for two ROTH accounts either, unless a ROTH is the only option your employer allows and the funds offered aren't that great. A 401k for work and a single ROTH IRA account on your own is a simply way to manage multiple funds and allocations.
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#979 | |
Veteran
Join Date: Oct 2008
Casino cash: $9986835
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Quote:
ETFs track an index on an automated level rather than having a person do it so they will have a lower expense ratio, with intraday liquidity if that is of value to you. a mutual find can only be traded at the end of the day, so if a disaster happens in the morning and you want to sell out, you have to wait until the end of the day to cash out. If you want to be slightly more aggressive and only invested in equities rather than an equity/debt split (i.e. target date funds) you should look into one of the many S&P 500 indexes funds they offer. They all have a slightly different strategy. for example, higher dividend paying S&P stocks (vym) or growth stocks (voog, vug). Some are geared towards larger companies vs smaller companies. Vanguard is a great way to go for the investor who is limited in the amount of research time they can put in. You can be adequately educated in only a few hours of reading the differences in the funds strategies. All the while being the least expensive option out there. I think this is what you are looking for. (investments may lose value, returns are not guaranteed) Last edited by Cornstock; 06-23-2017 at 09:38 PM.. |
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#980 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $1024734
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#981 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $1024734
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Quote:
LOL @ your disclaimer. I'm not the guy you need to stick that in there for. As an aside Art Barnaby with KState put on this workshop of how to use options with MPCI as an active hedge. It's a pretty sound strategy. I don't use it but the logic and the math works. So he sticks his slideshow up there and on the first slide in giant letters is "Do not use this program if you have not lost money trading options". Not have traded options, understand options, understand risk and capitalization, are understand the purpose of a hedge, are prepared for margin calls, none of that stuff. You have to have lost money. Made me chuckle. |
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#982 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $631900
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Quote:
Great post.
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#983 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Do you mind sharing what they recommended to you?
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#984 |
Woman should only make babies
Join Date: Nov 2003
Location: Apartment "G UNIT!"
Casino cash: $2016136
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no problem i am in the game to make mistakes. American funds is what it is called.
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#985 |
Woman should only make babies
Join Date: Nov 2003
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I stopped contributing through my work ira and just going with ira through ed jones still have a 401k through work.
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#986 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $631900
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What funds did they recommend from them? Looking at some of their initial funds, they have load fees. That's usually not a good sign considering so many offer no load funds. You're just wasting money on that, unless the gains are substantial. With actively managed funds with load fees, generally that's not the case.
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#987 | |
Woman should only make babies
Join Date: Nov 2003
Location: Apartment "G UNIT!"
Casino cash: $2016136
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Quote:
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#988 |
Woman should only make babies
Join Date: Nov 2003
Location: Apartment "G UNIT!"
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Well there you go A load fund is a mutual fund that comes with a sales charge or commission. The fund investor pays the load, which goes to compensate a sales intermediary, such as a broker, financial planner or investment advisor, for his time and expertise in selecting an appropriate fund for the investor. Learned something new everyday
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#989 |
Woman should only make babies
Join Date: Nov 2003
Location: Apartment "G UNIT!"
Casino cash: $2016136
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Also to me money is never wasted. Other people have to eat as well.
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#990 |
Woman should only make babies
Join Date: Nov 2003
Location: Apartment "G UNIT!"
Casino cash: $2016136
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CAP INC BUL A (CAIBX)
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