The Money Mustache Community

Learning, Sharing, and Teaching => Investor Alley => Topic started by: BlueHouse on November 21, 2018, 10:25:35 AM

Title: What's your opinion of Acting AG Whitaker's investment choices?
Post by: BlueHouse on November 21, 2018, 10:25:35 AM
Now that we can see Acting AG Whitaker's financial disclosure forms, what's your opinion of his investment choices?

https://s3.amazonaws.com/storage.citizensforethics.org/wp-content/uploads/2018/11/20212620/Whitaker-Annual-Form-278-certified.pdf
https://s3.amazonaws.com/storage.citizensforethics.org/wp-content/uploads/2018/11/20212624/Whitaker-New-Entrant-Form-278-certified.pdf



Here's a peek (I guess these are his spouse's choices...he doesn't seem to have any market-based investments):

2.1 Aberdeen Fds Emerging Markets (ABEMX) No
2.2 Diamond Hill Fds Large Cap (DHLRX) Yes
2.3 Edgewood Funds Growth Fund (EGFIX) Yes
2.4 Goldman Sachs Tr Finl Square Treas Instrs
(FTIXX)
Yes
2.5 American Funds Growth (GFFFX) Yes
2.6 Hartford Mutl Fds (HFMIX) Yes
2.7 Lazard Fds Inc Intl (LZIEX) Yes
2.8 Meridian Fd Inc Small Cap Growth (MISGX) Yes
2.9 Metropolitan West Fds Total Return (MWTIX) Yes
2.10 Principal Funds Inc Global Real Estate
(POSIX)
Yes
2.11 American Funds EuroPacific Growth Fund
(AEPFX)
Yes
2.12 Nuveen Invt Fds Inc Real Estate Secs (FARCX) Yes
2.13 Touchstone FDS Group VIC Cap (TCVYX) Yes
2.14 Dean Small Cap Value (DASCX) Yes
2.15 Virtus Funds (HIEMX) Yes
2.16 Invesco Global Real Estate (ARGYX) Yes
2.17 Fundvantage Tr Gotham Absolute Return
(GARIX)
Yes
2.18 Dodge & Cox Fds (DODFX) Yes
2.19 Eaton Vance Mutual Fds (EGRIX) Yes
2.20 Harbor Fund Small Cap (HASCX) Yes
2.21 Harbor Fd Cap Appreciation (HACAX) Yes
2.22 John Hancock Funds II (JCUIX) Yes
2.23 JP Morgan Tr I US Large Cap (JLPSX) Yes
2.24 Oppenheimer Dev Mkts (ODVYX) Yes
2.25 Pimco Fds Pac Invt (PEBIX) Yes
2.26 Principal Fds Inc High Yield (PHYTX) Yes
2.27 T Rowe Price Equity (PRFDX) Yes
2.28 T Rowe Price Mid-cap (RPMGX) Yes
Title: Re: What's your opinion of Acting AG Whitaker's investment choices?
Post by: AdrianC on November 21, 2018, 04:55:50 PM
Looks like he has a financial advisor making it way, way more complicated than it needs to be in order to justify his fee.

My father-in-law's account looks very similar, managed by a Wells Fargo investment advisor.
Title: Re: What's your opinion of Acting AG Whitaker's investment choices?
Post by: jacoavluha on November 21, 2018, 10:11:27 PM
My opinion is thatís a bunch of crap
Title: Re: What's your opinion of Acting AG Whitaker's investment choices?
Post by: harvestbook on November 22, 2018, 09:01:15 AM
If I'm getting $900,000 in secret payments, I don;t care what I'm invested in
Title: Re: What's your opinion of Acting AG Whitaker's investment choices?
Post by: Another Reader on November 22, 2018, 09:15:53 AM
Probably a badly managed 401(k).
Title: Re: What's your opinion of Acting AG Whitaker's investment choices?
Post by: seattlecyclone on November 22, 2018, 09:29:58 AM
Looks like he has a financial advisor making it way, way more complicated than it needs to be in order to justify his fee.

Exactly this. Every time I see a portfolio managed by a financial salesman advisor there are always at least ten different funds in there, with several duplicates covering the same asset classes. Since they have 28 my guess is they've been investing long enough for the companies with the highest sales kickbacks to switch a few times.