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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.

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