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Learning, Sharing, and Teaching => Investor Alley => Topic started by: ECrew28 on August 20, 2013, 11:42:11 AM

Title: Just got face punched
Post by: ECrew28 on August 20, 2013, 11:42:11 AM
Ok so I am rather new to the investing side of things, and I ended up going with an advisor at the bank I used to work at.  I was actually rather happy with the returns on both my rollover IRA as well as the Roth IRAs I setup up there for myself and my wife.  Being the noob that I was, Just just contributed my set amount every month, and watched the balance increase.  But after being around here for awhile, I started doing a little more digging just to understand things better.  What I found is kind of scary.

My Roth:
FIGCX - 2.33% Expense Ratio and 1% Deferred Load
FNICX - 1.75% Expense Ratio and 1% Deferred Load

Wife's Roth:
PVFCX - 1.82% Expense Ratio and 1% Deferred Load
PYSCX - 2.30% Expense Ratio and 1% Deferred Load

I looked at the Rollover and the fees are at or under 1% there, so I am not as concerned.  But I am in quite a few funds and 3-4 individual stocks. 

Might be time to rethink all of this and move things around.  So frustrated. 

Thoughts or advice?
Title: Re: Just got face punched
Post by: matchewed on August 20, 2013, 11:48:31 AM
I'd give the standard advice. Either find funds which are low expense ratio that reflect your current AA within the companies you have your Roths. Or rollover to Vanguard/Fidelity/Charles Schwab to get funds which are low expense ratio and reflect your current AA.
Title: Re: Just got face punched
Post by: Numbers Man on August 20, 2013, 01:44:06 PM
Educate yourself about investing in "no load mutual funds". And when you're ready, sell those high fee commission based funds (cut your losses) and buy into the appropriate no load funds. No face punch needed.
Title: Re: Just got face punched
Post by: TrulyStashin on August 20, 2013, 09:35:58 PM
A great resource:  fool.com

The self-educated investor's launching pad.