Happy Monday. Is your advisor a bank? If so, is it lending out your money for a song and paying you peanuts? Fidelity is not a bank. Fidelity is not a publicly traded company. In comparison, Charles Schwab has a banking division and is publicly traded.
How about Vanguard? When was the last time you spoke with a phone rep? Are you stuck only in Vanguard funds and ETFs? Are you being penalized by investors in the same fund as you who sell at any sign of trouble? Where Vanguard’s fund managers are forced to sell positions to raise cash, often at the worst times?
I want you at the private spa, not the public pool. But how?
What if you could create your own mutual fund type product where you own the stocks, bonds, etc., and it’s not a mutual fund or ETF? In my conversations with you, you tell me how much you miss Richard C. Young’s Intelligence Report, especially the Monster Master List. Wouldn’t it be nice if the stocks in your portfolio were an up-to-date rendition of the list? Where the homework is done for you?
We do the investing. You own the investments.
There was a time when Schwab made a killing on commissions. Those days are over. Commissions are basically free today. Same with Vanguard’s index funds. Basically free. They are commodities provided by one and all. Where’s the value today? Read more about that here: “What’s Happening to Charles Schwab?”
Today it comes down to this: With whom are you comfortable working? Who do you trust?
Action Line: You’re seeing generational opportunities in fixed income. When you’re ready to talk, I’ll be here.
Originally posted on Your Survival Guy.