retirement ideas

[alocispepraluger102]

would like some help from some of the fine minds here on where to put my retirement monies or someone trustworthy and wise to manage them for me. my advisors arent particularly bad, but i hate to pay them 1 percent per year. in 15 years, that's fifteen per cent.

dont particularly want to deal with retirement or investment boards.

Edited September 2, 2006 by alocispepraluger102

[Dan Gould]

would like some help from some of the fine minds here on where to put my retirement monies or someone trustworthy and wise to manage them for me. my advisors arent particularly bad, but i hate to pay them 1 percent per year. in 15 years, that's fifteen per cent.

dont particularly want to deal with retirement or investment boards.

There are a lot things I'd ask for here but investment advice isn't one of them, particularly asking for a name. That's something I'd go to trustworthy friends/family about.

[alocispepraluger102]

would like some help from some of the fine minds here on where to put my retirement monies or someone trustworthy and wise to manage them for me. my advisors arent particularly bad, but i hate to pay them 1 percent per year. in 15 years, that's fifteen per cent.

dont particularly want to deal with retirement or investment boards.

There are a lot things I'd ask for here but investment advice isn't one of them, particularly asking for a name. That's something I'd go to trustworthy friends/family about.

thanks, of course.

i was considering there are are some fine wise minds here. family and friends advice can be spotty, as well.

[alocispepraluger102]

Those of us who are in this industry are unable to provide general advice without getting financial information.

General advice: it is less important which fund company or whether they charge 1% of whatever than it is to diversify within the main asset allocation classes. Diversification is key. Once you do that, you won't need a financial adviser again.

thanks!

having done that with one of the premier companies, i appear to be on the right track.

i think i was greedy and wanted to pay little or no fees.

[Aggie87]

I just blindly send all my money to Conn....doesn't everyone do that?

[BFrank]

I just blindly send all my money to Conn....doesn't everyone do that?

HELLyeah! That's what I do!

... but diversification is the way to go. Depending on your age, you want to balance equity and income funds appropriately. And as far as fund fees, you should rarely (if ever) pay more than 1% - and never a "load".

There are more and more "lifestyle" funds available from major fund houses, too (Vanguard, T Rowe Price, etc.). You pick a retirement year and it will rebalance itself over time.

[alocispepraluger102]

I just blindly send all my money to Conn....doesn't everyone do that?

HELLyeah! That's what I do!

... but diversification is the way to go. Depending on your age, you want to balance equity and income funds appropriately. And as far as fund fees, you should rarely (if ever) pay more than 1% - and never a "load".

There are more and more "lifestyle" funds available from major fund houses, too (Vanguard, T Rowe Price, etc.). You pick a retirement year and it will rebalance itself over time.

how can an individual purchase no-loads? all my people are pushing their load funds, of course, and this is what bothers me.

Edited September 2, 2006 by alocispepraluger102

[Big Wheel]

I just blindly send all my money to Conn....doesn't everyone do that?

HELLyeah! That's what I do!

... but diversification is the way to go. Depending on your age, you want to balance equity and income funds appropriately. And as far as fund fees, you should rarely (if ever) pay more than 1% - and never a "load".

There are more and more "lifestyle" funds available from major fund houses, too (Vanguard, T Rowe Price, etc.). You pick a retirement year and it will rebalance itself over time.

how can an individual purchase no-loads? all my people are pushing their load funds, of course, and this is what bothers me.

It's pretty simple if you have a basic brokerage account. The Fidelity website prominently advertises theirs. I recommend doing some research on the Fidelity and Vanguard websites, as well as Yahoo/Google Finance. If you want to shell out some coin there are some good publications out there on mutual funds, too.

Which of the big fund houses is your brokerage/advisor affiliated with?

[alocispepraluger102]

I just blindly send all my money to Conn....doesn't everyone do that?

HELLyeah! That's what I do!

... but diversification is the way to go. Depending on your age, you want to balance equity and income funds appropriately. And as far as fund fees, you should rarely (if ever) pay more than 1% - and never a "load".

There are more and more "lifestyle" funds available from major fund houses, too (Vanguard, T Rowe Price, etc.). You pick a retirement year and it will rebalance itself over time.

how can an individual purchase no-loads? all my people are pushing their load funds, of course, and this is what bothers me.

It's pretty simple if you have a basic brokerage account. The Fidelity website prominently advertises theirs. I recommend doing some research on the Fidelity and Vanguard websites, as well as Yahoo/Google Finance. If you want to shell out some coin there are some good publications out there on mutual funds, too.

Which of the big fund houses is your brokerage/advisor affiliated with?

SEI

[Big Wheel]

Wait a minute...are you in the UK? I'm really only familiar with the big American companies, although you can most likely set up brokerage/retirement accounts with American companies too, of course.

[BFrank]

I just blindly send all my money to Conn....doesn't everyone do that?

HELLyeah! That's what I do!

... but diversification is the way to go. Depending on your age, you want to balance equity and income funds appropriately. And as far as fund fees, you should rarely (if ever) pay more than 1% - and never a "load".

There are more and more "lifestyle" funds available from major fund houses, too (Vanguard, T Rowe Price, etc.). You pick a retirement year and it will rebalance itself over time.

how can an individual purchase no-loads? all my people are pushing their load funds, of course, and this is what bothers me.

It's pretty simple if you have a basic brokerage account. The Fidelity website prominently advertises theirs. I recommend doing some research on the Fidelity and Vanguard websites, as well as Yahoo/Google Finance. If you want to shell out some coin there are some good publications out there on mutual funds, too.

Which of the big fund houses is your brokerage/advisor affiliated with?

SEI

It's really easy to invest directly through the no-load companies. They want your money and will help you any way they can to purchase/transfer your investments into their funds. Tell SEI that you're taking your business elsewhere.

[alocispepraluger102]

I just blindly send all my money to Conn....doesn't everyone do that?

HELLyeah! That's what I do!

... but diversification is the way to go. Depending on your age, you want to balance equity and income funds appropriately. And as far as fund fees, you should rarely (if ever) pay more than 1% - and never a "load".

There are more and more "lifestyle" funds available from major fund houses, too (Vanguard, T Rowe Price, etc.). You pick a retirement year and it will rebalance itself over time.

how can an individual purchase no-loads? all my people are pushing their load funds, of course, and this is what bothers me.

It's pretty simple if you have a basic brokerage account. The Fidelity website prominently advertises theirs. I recommend doing some research on the Fidelity and Vanguard websites, as well as Yahoo/Google Finance. If you want to shell out some coin there are some good publications out there on mutual funds, too.

Which of the big fund houses is your brokerage/advisor affiliated with?

SEI

It's really easy to invest directly through the no-load companies. They want your money and will help you any way they can to purchase/transfer your investments into their funds. Tell SEI that you're taking your business elsewhere.

even entire accounts? can i deal directly or do i need to go through one of their representatives?

Edited September 2, 2006 by alocispepraluger102

[BFrank]

Contact them directly. They won't give you specific investment advice (they're not brokers/advisors), but they will be happy to help you with the mechanics of transfering your funds.

[BFrank]

And as far as fund fees, you should rarely (if ever) pay more than 1% - and never a "load".

I would prefer not to pay loads either, but bottomline is I want the best funds whether they come with loads or not. Vangard and Fidelity do not dominate the lists for best funds, even though their costs are lower.

I also do not have any problem paying above 1% for funds. If I wasn't willing to do that I would not have any small caps or international funds. If cost is all you care about then buy index funds where there is no research.

You can check with Scwaab or Scott trade. They may offer no loads. The no load companies give Schwab and Scott certain fees to offer their funds, I believe.

You're right, Conn, about going over 1% for small caps and international although you can find some for less. OTOH, I would challenge you to find me a loaded fund where there isn't a near-equivalent no-load. It also depends on what you mean by "best funds". Some would argue that Vanguard DOES have the best funds.

Schwab has a large selection of no-load funds in their "One Source" program that don't charge additional fees, but if you go away from that list they do have a charge.

[Chuck Nessa]

This is all too serious.

I suggest taking the bucks and start a jazz label. Buy some Sonny Stitt masters, then start a recording program with Braxton, Vandermark and Brotzmann.

Don't forget to add me to the promo list for the suggestion.

Edit to add - make this a vinyl only operation.

Edited September 2, 2006 by Chuck Nessa

[Ron S]

This is all too serious.

I suggest taking the bucks and start a jazz label. Buy some Sonny Stitt masters, then start a recording program with Braxton, Vandermark and Brotzmann.

Don't forget to add me to the promo list for the suggestion.

Edit to add - make this a vinyl only operation.

Wouldn't it be easier if we all just put our money in Nessa Records?

[Chuck Nessa]

This is all too serious.

I suggest taking the bucks and start a jazz label. Buy some Sonny Stitt masters, then start a recording program with Braxton, Vandermark and Brotzmann.

Don't forget to add me to the promo list for the suggestion.

Edit to add - make this a vinyl only operation.

Wouldn't it be easier if we all just put our money in Nessa Records?

Same deal.

[alocispepraluger102]

This is all too serious.

I suggest taking the bucks and start a jazz label. Buy some Sonny Stitt masters, then start a recording program with Braxton, Vandermark and Brotzmann.

Don't forget to add me to the promo list for the suggestion.

Edit to add - make this a vinyl only operation.

Wouldn't it be easier if we all just put our money in Nessa Records?

Same deal.

we are very thankful for those many who have committed their bankrolls, not just their ears, to loving this wonderful music, and, presenting new efforts of new (and veteran)artists.

Edited September 3, 2006 by alocispepraluger102

[Jazzmoose]

I'm surprised no one has suggested just investing it all in a Mosaic Investment Account...

[rockefeller center]

I'm surprised no one has suggested just investing it all in a Mosaic Investment Account...

Maybe because those Mosaic jokes are getting old? No, that can't be the reason.

[connoisseur series500]

Hand the $ to SS1, who'll wisely invest it in powerball.

[BFrank]

Hand the $ to SS1, who'll wisely invest it in powerball.

... or a new living-room set: black light, beaded curtain, beanbag chair, hookah, etc.

[Quincy]

I'm surprised no one has suggested just investing it all in a Mosaic Investment Account...

An MIA fund eh?

"You put all of our retirement money into those discs?"

"No silly, not just discs. See, big boxes and booklets with black & white pictures. And look, each numbered by hand."

Beats beanie babies!