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UPS Retirement Topics
UPS/Teamster 401k...Prudential to a Dreyfus self managed account...+22.86% for 2012
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<blockquote data-quote="Benben" data-source="post: 1112399" data-attributes="member: 25133"><p><strong>Re: UPS/Teamster 401k...Prudential to a Dreyfus self managed account...+22.86% for 20</strong></p><p></p><p>I sat down with an EJ associate in January and wasn't moved much at all. I have since met a few others while working and talked with them a bit. I think Edward Jones/financial planners is much like most professions. You have some that are so-so and some that are great. If you found a great one I am jealous. </p><p></p><p>I looked up AIVSX, most recent Lipper rating (Jan'13) listed as a 2 for total return. YTD return is 8.03% but how does the front load of 5.75% figure in? Is the 5.75% a bite out of the 8% or is it a 1 time fee getting in? Much like putting in $5K they take their $300, you start with $4,700 and then the YTD starts getting figured? I don't understand mutual funds much which is sad considering most my savings are in funds with both 401K's (mine and the wife's.) I can see their % fees, and their returns for the past 3-5 years. But I do not know much more than that.</p></blockquote><p></p>
[QUOTE="Benben, post: 1112399, member: 25133"] [b]Re: UPS/Teamster 401k...Prudential to a Dreyfus self managed account...+22.86% for 20[/b] I sat down with an EJ associate in January and wasn't moved much at all. I have since met a few others while working and talked with them a bit. I think Edward Jones/financial planners is much like most professions. You have some that are so-so and some that are great. If you found a great one I am jealous. I looked up AIVSX, most recent Lipper rating (Jan'13) listed as a 2 for total return. YTD return is 8.03% but how does the front load of 5.75% figure in? Is the 5.75% a bite out of the 8% or is it a 1 time fee getting in? Much like putting in $5K they take their $300, you start with $4,700 and then the YTD starts getting figured? I don't understand mutual funds much which is sad considering most my savings are in funds with both 401K's (mine and the wife's.) I can see their % fees, and their returns for the past 3-5 years. But I do not know much more than that. [/QUOTE]
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UPS/Teamster 401k...Prudential to a Dreyfus self managed account...+22.86% for 2012
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