|
|
Joined: Feb 2012
Posts: 2,401
Campfire Regular
|
Campfire Regular
Joined: Feb 2012
Posts: 2,401 |
Our company’s 401k has been managed by Fidelity for the last 3yrs. No big complaints and the fund selection was much better than Vanguard which we had for the 4yrs prior. When I first joined in 1999 we had T Rowe Price and that has been my favorite of the 3. The funds that were offered to us were great performers. A personal Vanguard acct may be worth looking into b/c of low fees. A 401k account will only have access to the funds agreed upon by the company and the brokerage.
I can confirm that my shadow will not darken Merrill Lynch’s door anytime soon. Exorbitant fees and for a closely managed fund with unlimited fund selection options, I found the performance shockingly bad. I was consistently getting 5% higher return on my 401k where I picked the funds over an 11 year window.
If I were new to the game, I’d go through fund options with Fidelity, Vanguard, TRP, and Schwab and see who’s offerings I was most comfortable with and then do an analysis of the fees based on the amount I was investing. Good luck with it.
Fear the crabcat.
|
|
|
|
|
Joined: May 2010
Posts: 7,349
Campfire Tracker
|
|
Campfire Tracker
Joined: May 2010
Posts: 7,349 |
Vanguard for the last 25 years.
"When the going gets weird, the weird turn pro."
Hunter S. Thompson
|
|
|
|
|
Joined: Jan 2007
Posts: 2,059
Campfire Regular
|
Campfire Regular
Joined: Jan 2007
Posts: 2,059 |
A fourth vote for Vanguard. Lowest costs in the business.
"It's not what you make, it's what you keep."
There is nothing made by man,
which cannot be broken by woman.
|
|
|
|
|
Joined: Feb 2011
Posts: 26,389
Campfire Ranger
|
|
Campfire Ranger
Joined: Feb 2011
Posts: 26,389 |
I use Fidelity, no complaints.
Good communication over the phone, which is rare these days.
|
|
|
|
|
Joined: Jun 2002
Posts: 131,626
Campfire Sage
|
|
Campfire Sage
Joined: Jun 2002
Posts: 131,626 |
Correction. That happened when he turned 85, not 80.
|
|
|
|
|
Joined: Jun 2008
Posts: 13,354
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Jun 2008
Posts: 13,354 |
I have been using Fidelity for a while now, sometime around 1986-87. No issues ever. My stock trades are free with them.
I have a few Vanguard Mutual funds, great company as well. However I have never used them for stock trading.
Asking for a stock pick is like asking what caliber rifle you should be using on North American Field Mice. But what the hell it'll be entertaining at least!
Eat Fish, Wear Grundens, Drink Alaskan.
|
|
|
|
|
Joined: Jan 2003
Posts: 10,944
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Jan 2003
Posts: 10,944 |
I second the communication quality with Fidelity. They were absolutely great just recently. I rolled my 401k to Ed Jones back when I got laid off in 2010, wish I hadn't. Nothing awful or criminal- just would have been better for me had Inot. Took me a while to recoup the fees etc... Thank God for Trump,
When a country is well governed, poverty and a mean condition are something to be ashamed of. When a country is ill governed, riches and honors are something to be ashamed of
. Confucius
|
|
|
|
|
Joined: Jun 2008
Posts: 13,354
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Jun 2008
Posts: 13,354 |
So where would someone put 50k these days for a long term safe investment. CHK for a small power play IDXX for safe solid growth
Eat Fish, Wear Grundens, Drink Alaskan.
|
|
|
|
|
Joined: Jan 2009
Posts: 23,319
Campfire Ranger
|
|
Campfire Ranger
Joined: Jan 2009
Posts: 23,319 |
. . . When I first joined in 1999 we had T Rowe Price and that has been my favorite of the 3. I agree that T. Rowe Price has some of the best performing mutual funds.
"All that the South has ever desired was that the Union, as established by our forefathers, should be preserved, and that the government, as originally organized, should be administered in purity and truth." – Robert E. Lee
|
|
|
|
|
Joined: Jul 2009
Posts: 5,176
Campfire Tracker
|
|
Campfire Tracker
Joined: Jul 2009
Posts: 5,176 |
"If you're paying "fees", you're gettin fcked."
Even if you buy no load mutual funds you get hosed. Every mutual fund has a manager that charges you around 2% to manage the fund. You also pay for all the stock transaction fees. When I retired years ago I invested in 3 of the best performing mutual funds at that time. Two of the funds were Janus and Vanguard but I don't remember the other one. I had to make 6% just to break even. The first year my funds lost 30% of their value and took 5 years to recover. No more mutual funds for me.
|
|
|
|
|
Joined: Jan 2005
Posts: 22,884
Campfire Ranger
|
|
Campfire Ranger
Joined: Jan 2005
Posts: 22,884 |
"If you're paying "fees", you're gettin fcked."
Even if you buy no load mutual funds you get hosed. Every mutual fund has a manager that charges you around 2% to manage the fund. You also pay for all the stock transaction fees. When I retired years ago I invested in 3 of the best performing mutual funds at that time. Two of the funds were Janus and Vanguard but I don't remember the other one. I had to make 6% just to break even. The first year my funds lost 30% of their value and took 5 years to recover. No more mutual funds for me. Vanguard's fees are the lowest, and are negligible. It sounds to me that you needed to leave your money in the market for awhile as a true investment, and you would have made back anything that you lost within a few years.
|
|
|
|
|
Joined: Jan 2009
Posts: 23,319
Campfire Ranger
|
|
Campfire Ranger
Joined: Jan 2009
Posts: 23,319 |
"If you're paying "fees", you're gettin fcked."
Even if you buy no load mutual funds you get hosed. Every mutual fund has a manager that charges you around 2% to manage the fund. You also pay for all the stock transaction fees. When I retired years ago I invested in 3 of the best performing mutual funds at that time. Two of the funds were Janus and Vanguard but I don't remember the other one. I had to make 6% just to break even. The first year my funds lost 30% of their value and took 5 years to recover. No more mutual funds for me. Vic, Janus and Vanguard are two other mutual fund managers, in addition to T. Rowe Price from which I had great results after a decade of performance. Bill O'Neil (of Investors Business Daily fame) wrote in one of his books (How to Make Money in Stocks) that if one is going to invest in mutual funds they should never be sold. Buying high and selling low is one of the most common mistakes novice retail investors make. Consider your losses in mutual funds simple tuition paid to the college of investing success, lessons learned.
"All that the South has ever desired was that the Union, as established by our forefathers, should be preserved, and that the government, as originally organized, should be administered in purity and truth." – Robert E. Lee
|
|
|
|
|
Joined: Jan 2003
Posts: 889
Campfire Regular
|
|
Campfire Regular
Joined: Jan 2003
Posts: 889 |
|
|
|
|
|
Joined: Feb 2007
Posts: 11,760
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Feb 2007
Posts: 11,760 |
My company offered Vanguard. They performed well with reasonable fees.
NRA Patron
|
|
|
|
|
Joined: Nov 2007
Posts: 1,015
Campfire Regular
|
|
Campfire Regular
Joined: Nov 2007
Posts: 1,015 |
Vanguard or Fidelity. I wouldn't touch Edward Jones with a 10 ft pole.
|
|
|
|
|
Joined: Aug 2009
Posts: 1,989
Campfire Regular
|
|
Campfire Regular
Joined: Aug 2009
Posts: 1,989 |
A move away from Edward Jones to about anyplace else would be a positive move.
lightman
|
|
|
|
|
Joined: Nov 2002
Posts: 33,699
Campfire 'Bwana
|
|
Campfire 'Bwana
Joined: Nov 2002
Posts: 33,699 |
Amazing that Fidelity is privately owned.
Conduct is the best proof of character.
|
|
|
|
|
Joined: Aug 2001
Posts: 4,895
Campfire Tracker
|
|
Campfire Tracker
Joined: Aug 2001
Posts: 4,895 |
About 60% of my retirement money is with Fidelity. Have been pleased for almost 30 years with them.
Some mornings, it just does not feel worth it to chew through the straps!~
|
|
|
|
|
Joined: Mar 2006
Posts: 20,892
Campfire Ranger
|
|
Campfire Ranger
Joined: Mar 2006
Posts: 20,892 |
Fidelity has been the trustee of my 401K since 1998. No complaints
"I never thought I'd live to see the day that a U.S. president would raise an army to invade his own country."
Robert E. Lee
|
|
|
|
|
Joined: Jul 2009
Posts: 2,868
Campfire Regular
|
|
Campfire Regular
Joined: Jul 2009
Posts: 2,868 |
..been investing with Fidelity since 1986, no complaints. They help me if I ask for it, and leave me alone when I ask for it. I have had my investments in and out of several funds over the years, but havent hopped around much...very pleased with my overall returns.
My wife's investments are much more conservative than mine have been with fidelity over the years.. We've been blessed and it looks like we are going to hit my goal at retirement time.
I hope to be saying adios to my full time job in the next 2 to 3 years... Positioning myself for that now.... Hoping things come together.
dave
|
|
|
|
|
630 members (01Foreman400, 17Hunter, 007FJ, 10Glocks, 1936M71, 10gaugeman, 64 invisible),
2,663
guests, and
1,329
robots. |
|
Key:
Admin,
Global Mod,
Mod
|
|
|
Forums81
Topics1,191,602
Posts18,473,624
Members73,941
| |
Most Online11,491
Jul 7th, 2023
|
|
|
|
