ST Alpha - "LIR: I meet with a financial advisor guy about opening an Roth IRA. He mentioned possibly investing it with Blackrock in their Global Allocation fund." (Reading a Post)

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LIR: I meet with a financial advisor guy about opening an Roth IRA. He mentioned possibly investing it with Blackrock in their Global Allocation fund.

Posted by James Bond (aka Igor) (aka Igor) Sep 22 '14, 16:36

Anyone use them? Which companies and mutual funds does ST use?

Responses:

blackrock is fair for bonds. honestly go with vanguard, but the advisor will try to talk you out of it - decline Sep 22, 17:02 4
- and if you have any questions about funds or how it all works email me - decline Sep 22, 17:04 3
  - Thanks!! I will take you up on that. YGM -- nm - James Bond (aka Igor) Sep 22, 17:29
  - Hey! Why can't we get free advice too?? - Bacon Sep 22, 17:06 1
    - [deleted]
Another option. My wife has Great Western and they are pretty good -- nm - Bacon Sep 22, 16:43
1.05% expense ratio = hell no -- nm - ty97 Sep 22, 16:42 22
- thats actually below average for an intl fund -- nm - decline Sep 22, 17:05 4
  - That just seems so high for a 401K - ty97 Sep 22, 17:08 3
    - global funds have higher expense ratios. the currency exchanges generate more operating expenses for the fund -- nm - decline Sep 22, 17:11
    - I am getting funds below 1% but then I don't have fees other than my trade fees. If you have an IRA 1% is not bad as long as you aren't getting dinge - Bacon Sep 22, 17:09 1
      - The first one I looked up. I have PID and it's Expense Ratio: 0.56% - Bacon Sep 22, 17:11
- It's not terrible for an allocation fund. - spamlet Sep 22, 16:50 16
  - But do allocation funds tend to beat the expenses to make it worthwhile? - ty97 Sep 22, 16:53 15
    - The one he talked about averaged 10% gain over the last 28 years or so. -- nm - James Bond (aka Igor) Sep 22, 17:00 4
      - the inception to date (1976) return on the Vanguard S&P 500 is 11.11% with a 0.17% exp ratio - decline Sep 22, 17:10 3
        
        Wouldn't you benefit from a little more diversification than just holding an index fund? -- nm - James Bond (aka Igor) Sep 22, 17:36
        
        Do you have a chart handy for him. I was looking for the one I have filed away. Showing what fees will do to your compound interest? - Bacon Sep 22, 17:12 1
        
        im at home on my kindle so not at the moment. but i can certainly point him to some from work -- nm - decline Sep 22, 17:14
    - It's also about diversity outside of the US. -- nm - spamlet Sep 22, 16:58 9
      - But don't target date funds do that (for less)? - ty97 Sep 22, 17:06 8
        
        not really. target date funds will have some intl diversity but the majority of them invest in their fund families index funds - decline Sep 22, 17:13 5
        
        Hmmm, now I need to consider - ty97 Sep 22, 17:22 3
        
        It's diverse as far as bonds, stocks, maybe some commodities. -- (link) - Bacon Sep 22, 18:04 1
        
        Link is for Fidelity international funds -- nm - Bacon Sep 22, 18:04
        
        i certainly would -- nm - decline Sep 22, 17:26
        
        This is a good nuget of information thx. - Bacon Sep 22, 17:14
        
        I don't know. The Fidelity funds are lighter on the international side then I would like. - spamlet Sep 22, 17:11
        
        Target Funds in my experience don't always spread into international. -- nm - Bacon Sep 22, 17:07
Agreeing with Spamlet - I use Vanguard. They have a wide range of funds and very low costs. -- nm - Meg Sep 22, 16:42
in your lifetime, Action $1 has gone from approx. $5k to $3M. -- nm - Peglegpete Sep 22, 16:40
Does your guy get a commission if you buy that fund? - spamlet Sep 22, 16:38 9
- I am not sure if he gets a commission however he doesn't take any annual management fee. This guy is from the university credit unit - James Bond (aka Igor) Sep 22, 16:40 8
  - If he's recommending a load fund he gets a kickback and is steering you to a fund he gets paid more for. - spamlet Sep 22, 16:45
  - One of the main things to assess about funds in a 401K/IRA is the expense ratio of the fund. - ty97 Sep 22, 16:44 6
    - ETFs are the way to go if you have an IRA that allows you to get them -- nm - Bacon Sep 22, 16:45 5
      - If you want to manage them, yes. If not, then a fund is the way to go. -- nm - spamlet Sep 22, 16:47 4
        
        True true. I like to manage my own funds. Great Western (Wife's) we have 22 mutual funds to allocate her funds into. - Bacon Sep 22, 16:56 3
        
        Well with an ETF you have to reinvest dividends and whatnot. -- nm - spamlet Sep 22, 16:58 1
        
        TD Ameritrade has me on something call drip. My dividends are reinvested back in without any fees. Great tool to use there -- nm - Bacon Sep 22, 17:00
        
        My IRA I can buy anything on the market. That can be a good thing or a very bad thing if you aren't paying attention. - Bacon Sep 22, 16:58
He is trying to recruit you. - Spawn Sep 22, 16:38
Blackrock is good. -- nm - Bacon Sep 22, 16:38 12
- The only thing is their 5.25% entrance fee. -- nm - James Bond (aka Igor) Sep 22, 16:39 11
  - Pass on that. -- nm - Bacon Sep 22, 16:40 8
    - The fund seems to perform well... I guess I need to find an equivalent fidelity fund. -- nm - James Bond (aka Igor) Sep 22, 16:41 7
      - Look at the Fidelity date funds. It's likely close. - spamlet Sep 22, 16:46 3
        
        That's what all I my 401K is in. - ty97 Sep 22, 16:52
        
        I can give you the name of the one I have if you send me an email. -- nm - spamlet Sep 22, 16:48 1
        
        Sure, that would be great. - James Bond (aka Igor) Sep 22, 17:02
      - I had some blackrock funds but I didn't pay fees other than maintain fees which were about 1 percent. They were good dividend producers -- nm - Bacon Sep 22, 16:42 2
        
        When did you get those? -- nm - James Bond (aka Igor) Sep 22, 16:48 1
        
        That was about 7 years ago. Held them for a few years. ARK is the sign I remember off the top of my head. I had a couple others. -- nm - Bacon Sep 22, 16:52
  - *ding* pass. - spamlet Sep 22, 16:40 1
    - this. that is cray cray -- nm - Beaker Sep 22, 16:41

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LIR: I meet with a financial advisor guy about opening an Roth IRA. He mentioned possibly investing it with Blackrock in their Global Allocation fund.

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