Morningstar 401 manager

[Mystakilla]

Anyone check out this yet?

Just looking for thoughts on it...
Advantages, disadvantages,etc...

 

[UpstateNYUPSer(Ret)]

My plan is to roll my 401k over to an Edward Jones account.

 

[DILLIGAF1]

I was going to do the same thing until I found out Edward Jones charges 1.44% to manage my money. I am currently charged .20% through prudential.

 

[zero]

I was going to do the same thing until I found out Edward Jones charges 1.44% to manage my money. I am currently charged .20% through prudential.

Agree! just moved my IRAs from Edward to Vanguard. Mine was gonna be 1.35 AUM at EJ

 

[Jones]

I was going to do the same thing until I found out Edward Jones charges 1.44% to manage my money. I am currently charged .20% through prudential.

Luckily for Edward Jones there's no shortage of suckers in this world.

 

[UpstateNYUPSer(Ret)]

Luckily for Edward Jones there's no shortage of suckers in this world.

Call me what you will but I like my EJ portolio manager and trust that he has my best interests in mind.

 

[badpal]

Call me what you will but I like my EJ portolio manager and trust that he has my best interests in mind.

And that is sure worth something, I at least like dealing with folks I can see face to face and know my name. If a fellow trades frequently the yearly percentage charge, might be better that the commission based.

 

[Jones]

And that is sure worth something, I at least like dealing with folks I can see face to face and know my name. If a fellow trades frequently the yearly percentage charge, might be better that the commission based.

So going off what DILLIGAF1 said EJ charges 1.44% to manage your money vs the .01% fee on the Prudential S&P 500 fund, roughly 140 times as much. And what do you get in return? There's a very short list of active fund managers who beat the market and I can pretty much guarantee you that some flunky at EJ is not on that list and even if he managed to come close on a good year the exorbitant fees he's charging would more than eat up the difference. But hey, he knows your name so I guess there's that...

 

[PT Stewie]

Anyone check out this yet?

Just looking for thoughts on it...
Advantages, disadvantages,etc...

I use it on both my accounts Teamsters 401K and day job 401K so far this year 12%

 

[brown metal coffin]

Is there any new information on this. Has anyone tried this and been more successful than they were before they tried it? Im looking to give it a go but want to hear some experienced users of it...