- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Winter Olympics
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: American Funds Family
Posted on 1/17/14 at 8:29 am to matthew25
Posted on 1/17/14 at 8:29 am to matthew25
quote:
But I will not pay a 6% fee to buy in a fund
It's 5.75% before breakpoints, but I agree with you. The funds performed pretty well over a long period of time, but I doubt many investors hold the same fund over 10 years. At some point they need some money or get scared when a 2008 happens and sells. I very rarely look at performance past 5 years. Operating expenses (12b-1 fees) are rarely a concern as well as performance is net of fees.
0
Posted on 1/18/14 at 1:26 am to bobaftt1212
My adviser from Northwestern Mutual just opened me an IRA in December with $3k. Then I set it up to auto-deduct $300 a month starting Jan 10th.
I didn't know I was going to get hit with all the fees. Anyway, was charged 5.76% on the $3k and 5.78% on the $300. Called AF and guy said 5.75% is the max but that the numbers fluctuate. Can be higher, can be lower
I did get a dividend and foreign tax paid to me before EOY for about $20
but just a couple days ago, a $10 Annual fee was taken out 
So instead of having $3,320 in there, I have $3,145. Fees really annoy the F out of me. I hope, as a couple posters in this thread have said, this fund is worth it.
I've looked on Fidelity and can get no load, no 12b fees, and low ER. But if AF returns are going to beat what I could do on my own with Fidelity, then the fees are worth it to me. I get someone to "manage" my accounts and hopefully do more.
But I am definitely questioning if I'm going to keep the $300/month going in at 5.78% vs maybe just doing it on my own...
I didn't know I was going to get hit with all the fees. Anyway, was charged 5.76% on the $3k and 5.78% on the $300. Called AF and guy said 5.75% is the max but that the numbers fluctuate. Can be higher, can be lower
I did get a dividend and foreign tax paid to me before EOY for about $20
but just a couple days ago, a $10 Annual fee was taken out So instead of having $3,320 in there, I have $3,145. Fees really annoy the F out of me. I hope, as a couple posters in this thread have said, this fund is worth it.
I've looked on Fidelity and can get no load, no 12b fees, and low ER. But if AF returns are going to beat what I could do on my own with Fidelity, then the fees are worth it to me. I get someone to "manage" my accounts and hopefully do more.
But I am definitely questioning if I'm going to keep the $300/month going in at 5.78% vs maybe just doing it on my own...
Posted on 1/18/14 at 9:07 pm to Sho Nuff
Most posters (I would say >90%) on this board trade on their own. It is not hard.
What fund are you in?
What fund are you in?
Posted on 1/19/14 at 11:55 am to Sho Nuff
quote:
My adviser from Northwestern Mutual just opened me an IRA in December with $3k. Then I set it up to auto-deduct $300 a month starting Jan 10th. I didn't know I was going to get hit with all the fees. Anyway, was charged 5.76% on the $3k and 5.78% on the $300. Called AF and guy said 5.75% is the max but that the numbers fluctuate. Can be higher, can be lower
I had an "advisor" "sell" me on a AF mutual fund about 30 years ago. After looking at the fees and the fund performance I did a little research, read a few books, and have been on my own ever since. Until recently I kept the AF as sort of a benchmark for how I was doing. At best it tracked some of my index funds, and underperformed others, I finally dumped it last year.
Posted on 1/19/14 at 12:48 pm to EA6B
Advisor and northwestern mutual does not compute.
Posted on 1/19/14 at 6:07 pm to roguetiger15
quote:
Advisor and northwestern mutual does not compute.
Here by this great mutual fund and even better whole life policy.
Page 2 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News