TIAA-CREF lowers expense ratios

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Levett
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TIAA-CREF lowers expense ratios

Post by Levett » Fri Dec 18, 2009 1:16 pm

Actually, it's the CREF side of matters, but this is a significant change of course under the new leadership of Roger Ferguson.

http://www.tiaa-cref.org/support/news/articles/gen0912_202.html

I post this notice because there appear to be T-C participants (like me :D ) who post at this site. Bob U.
There are some things that count that can't be counted, and some things that can be counted that don't count.

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alec
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Post by alec » Fri Dec 18, 2009 2:35 pm

and there was much rejoicing...

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"It is difficult to get a man to understand something, when his salary depends upon his not understanding it!" - Upton Sinclair

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cinghiale
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Post by cinghiale » Fri Dec 18, 2009 4:00 pm

Thanks for posting this Bob. I initiated a thread a few weeks ago about TIAA-CREF share classes, and most of the responses brought me to the disheartening conclusion that what you get is what you get (or, more specifically, what your state system has agreed to). This is a nice bit of news heading into the new year.
-- Cinghiale | | "We don't see things as they are; we see them as we are." Anais Nin | | | "Sometimes the first duty of intelligent men is the restatement of the obvious." George Orwell

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cinghiale
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Post by cinghiale » Fri Dec 18, 2009 4:06 pm

And, lest we forget:

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Low expense ratios... the holy grail of investing!
-- Cinghiale | | "We don't see things as they are; we see them as we are." Anais Nin | | | "Sometimes the first duty of intelligent men is the restatement of the obvious." George Orwell

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Boglenaut
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Post by Boglenaut » Fri Dec 18, 2009 5:18 pm

I hate them 9% less now.

Thanks for posting this.

DickBenson
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Post by DickBenson » Fri Dec 18, 2009 5:28 pm

In the spirit of Scrooge, the expense ratios of the CREF Stock Fund were in the 0.3 range during the 90's, as opposed to the 0.5 range now. Also the turnover rates were in the 25% range then, compared to around 50% today.

Merry Xmas,

Dick

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Boglenaut
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Post by Boglenaut » Fri Dec 18, 2009 5:33 pm

DickBenson wrote:In the spirit of Scrooge, the expense ratios of the CREF Stock Fund were in the 0.3 range during the 90's, as opposed to the 0.5 range now. Also the turnover rates were in the 25% range then, compared to around 50% today.

Merry Xmas,

Dick


Yeah, my current BGI 401K TIPS fund is .06. My CREF TIPS is still .45. If my plan allowed me to roll it out, I would.

But at least it is a step in the right direction.

munnix
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Post by munnix » Sat Dec 19, 2009 10:29 am

Thanks for the posting Bob. Still have a bit in TIAA-CREF. No complaints here.

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