PIMCO Unconstrained Bond Fund - Holy %^&$!! 2.052 Expense Ratio and a 3.75% load load on a bond fund!? The 1 year return on the fund is 5.17% and they are going to charge you 5.802% the first year for the honor of taking your money? This is one of those funds that are designed for clueless people who can't be bothered to look at their investments. I don't care what wonderful arguments the advisor gives you, just do the math... 5.17% return - 5.82% expense. Ridiculous. If you have no interest in picking stocks then you probably want some nice, simple, well-diversified index mutual funds that track the stock market and will get you where you need to go. I second the Vanguard suggestion. Just about the least expensive funds around and for disclosure sake, I own several myself. My wife's 401K is locked into Fidelity and they offer some good funds in the Spartan family; expense ratios around .1-.2% None of this 1-3% BS this guy is shoveling you. If you really want to educate yourself on mutual funds read "Common Sense on Mutual Funds: Fully Updated 10th Anniversary Edition" by John C. Bogle. He is the founder of Vanguard and essentially created the low cost market index mutaul fund. Even if your choices of funds are limited by your employers plan there should hopefully be a better selection than this. Often the selection isn't as great as I'd like but anything over 1% needs to generate impressive consistant returns to justify the espense and few funds can do this. I've read from many sources that 80% of mutual funds underpreform the S&P 500 after espenses. Keep the deposit in cash until you read s book or two. Keep in mind that load fees tend to pay the comission of the sales people so take a moment and add up the loads this guy is wanting you to pay. Multiply that by the 401K deposit you have transferring in and get an idea of how many dollar signs are written across your forehead when the guy talks to you.
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