UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next
Author: bigcaat Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 79717  
Subject: 401K Reps Date: 5/24/2001 8:04 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
I just saw this post on Morningstar's Vanguard Forum. I'm just so stunned, I had to share it with " 'da Fools." If you'd like to see the entire conversation, the link is:



<<<What I "learned" from a 401K rep Community Watch

Hi All,
This is partly for amusement and partly to show how company 401Ks are run. We had a rep for the company that administers our 401K here yesterday.
Here are some things I "learned":
1) Our 401K has mutual funds that he guarantees will return 8 to 15 percent over the next 20 years.
2)Value funds carry zero risk.
3)Everyone should be invested in at least 50% technology.
4) Everyone should have at least 25% healthcare.
5) Without asking me any questions other than my age, he said the best portfolio for me would be 50% tech, 25% healthcare, and 25% value.
6) The reasons Vanguards costs are so low, is that they have mediocre returning funds. You must pay higher costs for better returning funds.
Just thought I would share these with everyone. How salesmen can say these things with a straight face is beyond me. >>>


If it weren't so egregious, it might be funny.

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next


The Retire Early Home Page
Discussion on accelerating retirement day.
Post of the Day:
Macro Economics

Looking at Oil and Gas
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.