Search found 3 matches

by testaccountquery
Thu Oct 23, 2014 8:23 pm
Forum: Personal Investments
Topic: Is Wells Fargo misleading my friend?
Replies: 21
Views: 3899

Re: Is Wells Fargo misleading my friend?

Thanks for the input. I will link this discussion to my friend and hope he decides to change course.
by testaccountquery
Thu Oct 23, 2014 6:33 pm
Forum: Personal Investments
Topic: Is Wells Fargo misleading my friend?
Replies: 21
Views: 3899

Re: Is Wells Fargo misleading my friend?

Yeah thats KEY corp. Why I don't know. Thanks for the input. Any idea what these particular funds have to do with Wells Fargo? This is what I sent him: This is what I was afraid of. The largest percent of your investment is rather dubious. Its lost 6.58 percent ytd. It also has a fee (expense ratio) of 1.68. You are paying nearly 2 percent annually for [(lousy) - admin LadyGeek] returns and dividends. The fund I mentioned (VTSAX) is up 4.78% YTD, has a .05% fee, and has a 1.78% dividend yield vs .03. All of these things are HUGE factors. Of course one year is not that great a sample. Attached is a pic of both funds performance directly compared VTSAX in yellow, WASCX in blue. The KEY stock doesn't make sense to me either. 20% of your money ...
by testaccountquery
Thu Oct 23, 2014 1:00 pm
Forum: Personal Investments
Topic: Is Wells Fargo misleading my friend?
Replies: 21
Views: 3899

Is Wells Fargo misleading my friend?

This portfolio was made for a friend who inherited money, by a Wells Fargo financial advisor in Ohio. He's in his late twenties.

40% WASCX
20% KEY
20% IDV
20% MDY

Is this a reasonable portfolio? Thanks Bogleheads!