Horseman 2,506 Posted Friday at 09:01 PM 5 minutes ago, thegeneral said: Yeah I can move in between the two. You know I have never looked at this, probably worth doing. Your expenses is the one thing you have full control over. But they like to hide them. Look at the transactions, sometimes you find them in the yearly summaries. Call them and ask. Or just move it all to self directed anyway. It's not rocket science. VOO expesnse ratio is 0.03% for example. Done. Don't forget to diversify and rebalance. When the market is volatile like it has been you can rebalance a lot. It's like getting free shares. Share this post Link to post Share on other sites
thegeneral 3,276 Posted Friday at 09:14 PM 12 minutes ago, Horseman said: Your expenses is the one thing you have full control over. But they like to hide them. Look at the transactions, sometimes you find them in the yearly summaries. Call them and ask. Or just move it all to self directed anyway. It's not rocket science. VOO expesnse ratio is 0.03% for example. Done. Don't forget to diversify and rebalance. When the market is volatile like it has been you can rebalance a lot. It's like getting free shares. I do have VOO in my yearly IRA. Not sure why I haven’t thought to check Schwab’s fees. They are probably taken my cash with a big smile on their face Share this post Link to post Share on other sites
Horseman 2,506 Posted Friday at 09:19 PM 9 minutes ago, thegeneral said: I do have VOO in my yearly IRA. Not sure why I haven’t thought to check Schwab’s fees. They are probably taken my cash with a big smile on their face A decade ago for sure. I think lately they've gotten better, but, I'm not sure because the fees arent real transparent. Just take control of all of it, you're smart enough. Then you know for sure. Low cost index funds. Fidelity has ZERO cost mutual funds because they're trying to compete with vanguard. When you got the big guys competing over 0.03% you know you're winning. Share this post Link to post Share on other sites
Horseman 2,506 Posted Friday at 09:26 PM I'd be interested to know if anyone has figured out what the expenses are for say a 2040 target date fund at Fidelty/Schwab/Etc. Share this post Link to post Share on other sites
Horseman 2,506 Posted Friday at 09:31 PM And for those that don't know any 2040 target fund is just an about 85-15 split of equity and bond funds. Changes based on the fundamentals of risk the closer you get to retirement. You can totally do it yourself. 1 Share this post Link to post Share on other sites
Horseman 2,506 Posted Friday at 09:35 PM Oh and Trump just signed an EO telling these retirement plans to allow stocks and even crypto inside the plans. Even though most allow a self directed option anyway. Most people just don't know any better. Hopefully it will shed some light if nothing else. Share this post Link to post Share on other sites
thegeneral 3,276 Posted Friday at 09:49 PM 24 minutes ago, Horseman said: A decade ago for sure. I think lately they've gotten better, but, I'm not sure because the fees arent real transparent. Just take control of all of it, you're smart enough. Then you know for sure. Low cost index funds. Fidelity has ZERO cost mutual funds because they're trying to compete with vanguard. When you got the big guys competing over 0.03% you know you're winning. So took a quick peak, on my phone so is a PITA… Looks like my largest funds are a bit of a mixed bag…FXAIX is very good. OSMYX my second largest one is mediocre. Could do better on that one. Will have to look at the rest later. Unless they are hiding other fees. I think their big vehicle for making money on fees my company’s set up was to get people to move into these things that they controlled completely. Some Morningstar thing that moved risk down as you age. Those def seemed to be a bit of a ripoff as they charged a decent amount to run them. Share this post Link to post Share on other sites
thegeneral 3,276 Posted Friday at 09:50 PM 18 minutes ago, Horseman said: And for those that don't know any 2040 target fund is just an about 85-15 split of equity and bond funds. Changes based on the fundamentals of risk the closer you get to retirement. You can totally do it yourself. This is the thing I just described in my post above. My 401k was charging large fees to do this when I looked into them when they were first offered to us. Share this post Link to post Share on other sites
Horseman 2,506 Posted Friday at 10:02 PM 2 minutes ago, thegeneral said: So took a quick peak, on my phone so is a PITA… Looks like my largest funds are a bit of a mixed bag…FXAIX is very good. OSMYX my second largest one is mediocre. Could do better on that one. Will have to look at the rest later. Unless they are hiding other fees. I think their big vehicle for making money on fees my company’s set up was to get people to move into these things that they controlled completely. Some Morningstar thing that moved risk down as you age. Those def seemed to be a bit of a ripoff as they charged a decent amount to run them. Yep. OSMYX is 1.13% just for the fund. On top of anything Schwab is charging. GET OUT! You can pay a guy to manage your funds full time for 1.0%. Complete rip off. Jesus. Comparatively FZIPX is ZERO cost. Do you know how to use portfolio visuliazer? I'm on my phone right now or I'd show you. You can find a fund that does the exact same thing without the expense. I wouldn't pay anything really, but, more than 0.5% for an actively managed fund is stupid. Just know index funds outperform managed funds 80% of the time and you can get them for next to nothing. Share this post Link to post Share on other sites
Horseman 2,506 Posted Friday at 10:06 PM FXAIX is the type of fund you should be looking for. If you want to send me a list I'll ferret out low cost ones that do the exact same thing if you want Share this post Link to post Share on other sites
thegeneral 3,276 Posted Friday at 10:07 PM 3 minutes ago, Horseman said: Yep. OSMYX is 1.13% just for the fund. On top of anything Schwab is charging. GET OUT! You can pay a guy to manage your funds full time for 1.0%. Complete rip off. Jesus. Comparatively FZIPX is ZERO cost. Do you know how to use portfolio visuliazer? I'm on my phone right now or I'd show you. You can find a fund that does the exact same thing without the expense. I wouldn't pay anything really, but, more than 0.5% for an actively managed fund is stupid. Just know index funds outperform managed funds 80% of the time and you can get them for next to nothing. Yep. Even with that the OSMYX one is rated midrange in terms of fees in that category. People always trying to get over. I will be moving that one into my self directed next week. Thanks. Share this post Link to post Share on other sites
thegeneral 3,276 Posted Friday at 10:09 PM 1 minute ago, Horseman said: FXAIX is the type of fund you should be looking for. If you want to send me a list I'll ferret out low cost ones that do the exact same thing if you want I would appreciate that. I will PM you. Or if it’s a website type thing that spits it out I can save you the trouble. Share this post Link to post Share on other sites
Horseman 2,506 Posted Friday at 10:50 PM 37 minutes ago, thegeneral said: I would appreciate that. I will PM you. Or if it’s a website type thing that spits it out I can save you the trouble. It is a website, free. I'll respond and show you with an example when I sober up. I'm hoping FZIPX and OSMYX are close, they should be. Share this post Link to post Share on other sites
easilyscan 938 Posted Friday at 11:52 PM 3 hours ago, WhiteWonder said: I've doubled my net worth (from $50 to $100) since mid April White privilege Share this post Link to post Share on other sites
