Thanks for all your comments, guys!We switched to PW last fall - used to have MLynch, so anything's gotta be better than them, right? (We hope!)The index that PW has offered is their S&P500 index - the fees are 0.54% - - much more than Vangard, but compared to our other choices for the 401K:AIM InternationalAIM BalancedMutual QualifiedPIMCO Mid Cap GrowthOppenheimer Capital AppreciationPaineWebber Growth&IncomePaineWebber Investment GradePaineWebber Stable ValueThe rep really tried (and I think convinced the majority of people) to not invest in the index. He said it was 'weighted by market cap' and that we would really be investing the majority of our monies in 15 or so companies because of the weighting. He said it was not diverisified enough and that yes, the S&P has done well the last 3 years, but it is a fad that will pass.His recommendation is contrary to what I've read about S&P Index Funds. And I think that 2395177?.....(sorry forgotten your name!!) is very correct in saying that PW will be losing on fees when monies are invested in the Index.Now : Another Question:I tried grilling the rep to state the difference in fees - the mix of mutual funds offered vs this Index fund.He stated that we are buying "A" shares, but we are not paying the 'front load fees' shown on the prospectus.....those fees are in the 5.25%range..In further discussion, he said that the fees are waived for our company. I asked to see it in writing. So, he went thru the prospectus - which, not surprisingly wasn't an easy job, even for him. He found a little blurb about 'reducing or waiving fees IF 1 million is deposited and kept in the fund for 13 months". So I questioned the 13 months and the 1Mill, as we have just started with them and he said it was a 'deal' that was made, and the conditions were waived.Am I wacko for not exactly buying this from the rep? The terms he described are not in writing specifically - why should I believe it? Sorry for the looooong post. I get a bit crazy about the subject of 401k's - all I want is to get offered some decent choices and to stay in them (that's another thing my company does, is switch us to other brokers every couple of years...so much for long term - we usually end up getting out of a fund when they are in the pits and jump into another that's at it's high.... Oh, well I'm rambling....)Comments?Sorry again for the long and rambling postBest of Investing to all,Dar
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