Comments on: Note to self, don’t try to time the market http://www.pragmaticfinance.com/note-to-self-dont-try-to-time-the-market/ Putting my Financial House in Order Wed, 07 Jan 2009 23:22:19 +0000 http://wordpress.org/?v=2.2.1 By: Jason http://www.pragmaticfinance.com/note-to-self-dont-try-to-time-the-market/#comment-17 Jason Sun, 28 May 2006 01:47:55 +0000 http://www.pragmaticfinance.com/note-to-self-dont-try-to-time-the-market/#comment-17 Sure. Opening the account was pretty easy. The website seems kinda bland and I like Fidelity's better but thats not that important.  I don't think I had to wait but a day or two to buy the funds. No trial deposits like banks or 5 to 7 business days to verify the account like Fidelity's brokerage account. So far I am pretty happy with it. Its allowed me to have a simplified retirement account. I think in a couple of years I might look into getting individual funds to set my own asset allocations. But that will take alot more learning and of course, alot more money :) I mostly I decided on Vanguard's Target Retirement 2045 Fund (VTIVX) because of the very low expense ratio, I believe its 0.21. That is much, much lower than Fidelity and T. Rowe. I think Fidelity's Freedom 2040 (FFFFX) has 0.79 and T. Rowe Price's Retirement 2045 (TRRKX) has 0.81. Can always look at MorningStar to get more details. The downside is that it has a $10 annual fee for funds under 5k. I won't have to pay that next year thankfully but if I decided to buy a different fund with next years deposit then I would have to pay the fee. The benefits of the Fidelity account are that you can open one of their simple start roth iras and not have to deposit $2500, you just have to have monthly deposits of $200. I think the minimum for T. Rowe Price is $1000 whereas the minimum for Vanguard's is $3000. I think that the asset allocations are very similar, ~90 stocks 10 bonds. I have heard that Vanguard's stock allocation is slightly more conservative but I don't think its that different. I would recommend the Vanguard if you can put $3000 in to open it up. I personally think the expense ratio is worth it. Sure. Opening the account was pretty easy. The website seems kinda bland and I like Fidelity’s better but thats not that important.  I don’t think I had to wait but a day or two to buy the funds. No trial deposits like banks or 5 to 7 business days to verify the account like Fidelity’s brokerage account. So far I am pretty happy with it. Its allowed me to have a simplified retirement account. I think in a couple of years I might look into getting individual funds to set my own asset allocations. But that will take alot more learning and of course, alot more money :)

I mostly I decided on Vanguard’s Target Retirement 2045 Fund (VTIVX) because of the very low expense ratio, I believe its 0.21. That is much, much lower than Fidelity and T. Rowe. I think Fidelity’s Freedom 2040 (FFFFX) has 0.79 and T. Rowe Price’s Retirement 2045 (TRRKX) has 0.81. Can always look at MorningStar to get more details. The downside is that it has a $10 annual fee for funds under 5k. I won’t have to pay that next year thankfully but if I decided to buy a different fund with next years deposit then I would have to pay the fee.

The benefits of the Fidelity account are that you can open one of their simple start roth iras and not have to deposit $2500, you just have to have monthly deposits of $200. I think the minimum for T. Rowe Price is $1000 whereas the minimum for Vanguard’s is $3000. I think that the asset allocations are very similar, ~90 stocks 10 bonds. I have heard that Vanguard’s stock allocation is slightly more conservative but I don’t think its that different.

I would recommend the Vanguard if you can put $3000 in to open it up. I personally think the expense ratio is worth it.

]]> By: Wanda http://www.pragmaticfinance.com/note-to-self-dont-try-to-time-the-market/#comment-16 Wanda Sat, 27 May 2006 19:27:30 +0000 http://www.pragmaticfinance.com/note-to-self-dont-try-to-time-the-market/#comment-16 Hi Jason, Not sure if you'll get to read this comment since it's a ways in the back - but I just posted about opening a Roth-IRA account and am looking at Vanguard's Target Retirement 2045 Fund (as well as Fidelity and T. Rowe Price) - if you can say a bit on your experiences with Vanguard and the fund, that'd be great! Thanks, Wanda Hi Jason,

Not sure if you’ll get to read this comment since it’s a ways in the back - but I just posted about opening a Roth-IRA account and am looking at Vanguard’s Target Retirement 2045 Fund (as well as Fidelity and T. Rowe Price) - if you can say a bit on your experiences with Vanguard and the fund, that’d be great!

Thanks,
Wanda

]]> By: fivecentnickel.com http://www.pragmaticfinance.com/note-to-self-dont-try-to-time-the-market/#comment-4 fivecentnickel.com Fri, 19 May 2006 12:49:09 +0000 http://www.pragmaticfinance.com/note-to-self-dont-try-to-time-the-market/#comment-4 Yeah, I'm doing a mix of Vanguard 2035 and Vanguard 2045, and just do it blindly once a month. I don't even really pay attention to the purchase price, although I do track overall performance in Quicken. Cheers, nickel Yeah, I’m doing a mix of Vanguard 2035 and Vanguard 2045, and just do it blindly once a month. I don’t even really pay attention to the purchase price, although I do track overall performance in Quicken.

Cheers, nickel

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