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Already Invested in Franklin CA Tax-Free Bonds - Switch?

Hey Folks, I've recently had to take over trustee duties for the family trust, and I'm trying to figure out if I should keep this bond fund (Franklin CA Tax-Free Insured Income Fund - FRCIX), or switch to another similar bond fund, such as Vanguard California Long-Term Tax-Exempt Fund Investor Share...
by jstar32
Mon Oct 07, 2013 4:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Already Invested in Franklin CA Tax-Free Bonds - Switch?
Replies: 0
Views: 130

Re: Fund Advice from Advisor - S&P500 Performance

May I ask your thoughts about the "3 fund portfolio" in regards to assessing risk/return vs. studying up on a potential portfolio of other varied index fund asset classes? I do have the book "The Intelligent Asset Allocator" - would this be heading in a right direction? That wou...
by jstar32
Sat May 11, 2013 1:28 am
 
Forum: Investing - Help with Personal Investments
Topic: Fund Advice from Advisor - S&P500 Performance
Replies: 42
Views: 1998

Re: Fund Advice from Advisor - S&P500 Performance

Further clarification of share classes is in the wiki: Mutual fund It references an article from the SEC: Invest Wisely: An Introduction to Mutual Funds , under "Classes of Funds": Class C Shares — Class C shares might have a 12b-1 fee, other annual expenses, and either a front- or back-e...
by jstar32
Sat May 11, 2013 1:26 am
 
Forum: Investing - Help with Personal Investments
Topic: Fund Advice from Advisor - S&P500 Performance
Replies: 42
Views: 1998

Re: Fund Advice from Advisor - S&P500 Performance

Call_Me_Op wrote:Instead of listening to this or any advisor, I recommend that you educate yourself on investing.


I agree. That's why I came to this forum to post a question.
by jstar32
Sat May 11, 2013 1:09 am
 
Forum: Investing - Help with Personal Investments
Topic: Fund Advice from Advisor - S&P500 Performance
Replies: 42
Views: 1998

Re: Fund Advice from Advisor - S&P500 Performance

EyeYield wrote:The way it works is with incentives. The higher the expense ratio, the more liquidity the fund manager has to offer incentives.


That make sense to me - many thanks...
by jstar32
Sat May 11, 2013 1:06 am
 
Forum: Investing - Help with Personal Investments
Topic: Fund Advice from Advisor - S&P500 Performance
Replies: 42
Views: 1998

Re: Fund Advice from Advisor - S&P500 Performance

2retire wrote:
jstar32 wrote:That was one of the questions I had about the chart - it doesn't show the compounding negative effect of that expense ratio, correct?

Incorrect. Morningstar charts show the performance after all fund fees (ER and trading costs).


Thanks much for the clarification.
by jstar32
Fri May 10, 2013 7:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fund Advice from Advisor - S&P500 Performance
Replies: 42
Views: 1998

Re: Fund Advice from Advisor - S&P500 Performance

Just to clarify. There is good reason to potentially own funds of various asset classes. The reason is that those funds can have a positive impact on risk / return in a portfolio. Many of "those" asset classes indeed outperform the S&P, in fact the S&P is one of the lower performi...
by jstar32
Fri May 10, 2013 7:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fund Advice from Advisor - S&P500 Performance
Replies: 42
Views: 1998

Re: Fund Advice from Advisor - S&P500 Performance

Just so we cover everything that's wrong-- C class shares are available with no front end load, and no back end load if i keep it for over a year. You, or he, makes this sound like a good deal, no front or back end load, BUT this advisor is giving you no deal. C shares are by far the worst because ...
by jstar32
Fri May 10, 2013 6:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fund Advice from Advisor - S&P500 Performance
Replies: 42
Views: 1998

Re: Fund Advice from Advisor - S&P500 Performance

Regarding 1.75% expense ratio and the corrosive effect it can have on the compounded return on YOUR money,plug some expense ratio numbers in the link below and it won't take long for you to realize how much money is being siphoned off to the fund company slowly but surely over time :happy http://ww...
by jstar32
Fri May 10, 2013 6:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fund Advice from Advisor - S&P500 Performance
Replies: 42
Views: 1998

Re: Fund Advice from Advisor - S&P500 Performance

Thanks one and all. I'm pretty sure from here its the KISS method - the "3 Fund Portfolio", just a matter of selecting allocations.
by jstar32
Fri May 10, 2013 4:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fund Advice from Advisor - S&P500 Performance
Replies: 42
Views: 1998

Re: Fund Advice from Advisor - S&P500 Performance

Folks - I believe I've completely misrepresented what I meant to communicate, so let me set the record straight on my end... He actually selected these funds stating they outperformed Vanguard Total Market Fund (VTSMX I believe) over 10 years - why I twisted that around and showed it vs. the S&P...
by jstar32
Fri May 10, 2013 4:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fund Advice from Advisor - S&P500 Performance
Replies: 42
Views: 1998

Fund Advice from Advisor - S&P500 Performance

Hey folks, John here, first time poster. I'm trying to discern if what my financial advisor at Merrill Edge is telling me is accurate regarding a specific fund's performance vs the S&P - taking into account the expense ratio. May I ask, does this performance graph take into account annual expens...
by jstar32
Fri May 10, 2013 12:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fund Advice from Advisor - S&P500 Performance
Replies: 42
Views: 1998

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