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jperello001

jperello001
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  • Investors Get Steamrolled By IRA Rollovers [View article]
    IRA's are not expensive. It's what inside that will eat your lunch. These people were suckered with bonus indexed annuities. The broker gets a 10% commission, the client gets a 10% bonus and they have a 16 year surrender charge. The only ones that make money are the broker and annuity company.

    These products should be illegal.
    Jun 24 10:02 PM | 1 Like Like |Link to Comment
  • Why Do Investors Keep Buying 'Actively' Managed Funds? [View article]
    David - The 5.75% is a one time charge (initial investment amount of $25K or less) and it decreases based on the initial investment amount. For example, if you have $250,000 the upfront charge is 2.5%; $1Million is 0%.

    What do you mean it's very unlikely anyone has made any money with Investment Company of America? It's averaged 12.20% a year after fees since 1934. If you didn't make any money in Investment Company of America, than I guess you lost your money in the S&P 500.
    Jun 13 02:59 PM | Likes Like |Link to Comment
  • Why Do Investors Keep Buying 'Actively' Managed Funds? [View article]
    Would like the author to comment about the Investment Company of America, which is managed by American Funds. Since inception (1934) it has returned with the sales charge included 12.20%. This beats the market and has a 80 year track record of doing it. In fact American Funds brags about how over the long term most of their funds beat the respective index's average.

    Are these guys lying or they the minority that do beat the market?
    Jun 13 09:52 AM | 1 Like Like |Link to Comment
  • Retirees, Beware The Variable Annuity 2.0 [View article]
    Capitolp- things you should consider when liquidating:
    1). Any surrender charges?
    2) is the death benefit greater than value?
    3) what are the tax benefits of liquidating

    Hartford is getting out of the annuity business, so they are offering clients the option of liquidating w/o surrender charges on some of their products. I'm pretty sure your annual fee are in the 3-4% range. Sick!
    May 24 12:43 PM | 1 Like Like |Link to Comment
  • Retirees, Beware The Variable Annuity 2.0 [View article]
    The broker makes a trail from the investments. I would assume a .0025% annual service cost.
    May 24 12:43 PM | Likes Like |Link to Comment
  • Mooves, Redstone enjoy bumper pay packets at CBS [View news story]
    Wow. Talk about income inequality! ;)
    Apr 13 09:17 AM | Likes Like |Link to Comment
  • Low-Cost Funds Dupe Investors - Q1 2014 [View article]
    For me and my household, we will continue to own American Funds. :) they perform well and the costs are just right.
    Mar 12 02:53 PM | Likes Like |Link to Comment
  • Digital Realty Trust beats by $0.12, beats on revenues [View news story]
    One of my largest holding. Can't wait till it gets to $75!
    Feb 24 08:27 PM | Likes Like |Link to Comment
  • Campus Crest Offers Great Yield And Good Upside [View article]
    I to like ccg. What is the percentage of debt that is fixed? This to me, would reduce fears of higher interest rates effecting ccg's borrowing costs.
    Jan 14 12:04 AM | Likes Like |Link to Comment
  • Vanguard Dominates The Fund Industry Again In 2013 [View article]
    My American funds are cooking. Can't complain getting 30% in a growth/income fund
    Jan 7 01:07 AM | Likes Like |Link to Comment
  • Why DLR Made My Brain Explode [View article]
    rbrandx- Don't use earning for a REIT. Funds from operation is a better metric.
    Jan 6 09:32 PM | Likes Like |Link to Comment
  • The money management business inspires a lively exchange at the Barron's Roundtable, with Brian Rogers' liking of Legg Mason (LM) as either a value or takeover play getting the thumbs up from Mario Gabelli, but a razzing from Bill Gross who says the stock-picking industry is in secular decline thanks to ETFs. Gabelli to Gross: "If you want to preach in favor of mindless investing, we don't have to stand by." [View news story]
    Bruce- I'm a big fan of American Funds and Hotchkis & Wiley. Surprised we don't see more "best mutual funds.
    Jan 28 05:42 AM | Likes Like |Link to Comment
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