West Branch
5 year old buck +
Jordan, do some reading on this website to learn more about low fee investing.
https://www.bogleheads.org/forum/index.php
The boglheads also have wiki:
https://www.bogleheads.org/wiki/Main_Page
Jordan, do some reading on this website to learn more about low fee investing.
https://www.bogleheads.org/forum/index.php
"No one can predict a fund" is the smartest this said in this whole forum! Bahahahahahaha!
Everyone has a great track record until shit hits the fan!
I would trust a guy that has a wrap with a good track record than some pakistany answering the phones for VanGaurd!
The no load kickback to a cfp is .25%. Manage 100 million in private equity and .25% is a solid living.
You are sadly mistaken. My cfp is my brother who manages 100m plus of no load. The pike county dufus should at least do the same. Your cfp is bending you over.
He has never charged any client a wrap/mngmt fee ever.
The cfp charging a wrap/management fee of say 1.25% is still getting the same kickbacks from the fund. Paying the tax vs having a partial writeoff( not all fees are deductible), always $$$ ahead to pay the tax imo. Say your mortgage is $3. Would you rather make a mortgage payment of $3 to save $1 in taxes or simply pay $1 in taxes with no mortgage? I still have $2 in my pocket.
Starting to see how Steve feels having a discussion with Dipper...
Your statement is flat out false. Any ethical financial advisor (not just a CFP) that charges a management fee would not collect the management fee and the "kickback" as you call it and the majority of the firms out there would not even allow it. In the small cases where there is not the same fund that doesn't have the .25% payment and it needed to be used in a portfolio, the .25% would go to offset the 1.25% charge or it would be returned to the client's account.
As I asked before, what are a few of the tickers in your portfolio that have the .25% kickback? Happy to show you using your own investments how it really works.
As for the mortgage question - you don't have $2 in your pocket in both cases. If you start with $3 in your pocket, pay out the $3 mortgage, and they give you $1 back - you have a $1 in your pocket. If you start with $3, only have to pay out a $1, you have $2 in your pocket.
Your rightJordan
Watch out for the pension, sweet now maybe all together different in 20 years when your looking to get it. Most pensions took a big hit in the past few years.