I signed up for
www.feex.com which identifies high investment fees and suggests alternatives. I specifically looked at a Roth IRA I have with American Funds (AF). My AF investments are listed below, followed by the recommendations from FeeX. I included the first recommended replacement fund, and also a Vanguard alternative:
AMCPX (to be replaced by SCHG Schwab US Large-Cap Growth ETF) (VG alt: VUG Vanguard Growth ETF)
AMRMX (to be replaced by SCHV Schwab US Large-Cap Value ETF) (VG alt: VTV Vanguard Value ETF)
ANCFX (to be replaced by SCHX Schwab US Large-Cap ETF) (VG alt: VOO Vanguard S&P 500 ETF)
AGTHX (to be replaced by SCHG Schwab US Large-Cap Growth ETF) (VG alt: VUG Vanguard Growth ETF)
AMECX (to be replaced by VBIAX Vanguard Balanced Index Adm)
SMCWX (to be replaced with VT Vanguard Total World Stock ETF)
If I follow the recommendations, the number of funds will fall from 6 to 5, though I would need to have some funds with two different companies.
The MMM community tends to point people toward Vanguard, and I assumed that Vanguard was the absolute least expensive. Yet each of the Schwab recommendations comes in cheaper, though only by a dollar or so a year. Given the similar performance and lower fee, why don't I hear more about Schwab in the forums? Am I missing something?
Generally speaking, I would love to hear thoughts and encouragement regarding this move. Would you do it? Do you think FeeX provides good advice?
See attachment for more details.