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/biz/ - Business & Finance

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53335474 No.53335474 [Reply] [Original]

>my actively managed mutual funds return 12% a year

>> No.53335498

>>53335474
I need credit. I need 5% off Costco

>> No.53335509

>>53335474
I just throw all my investible income into VOO and forget about it

>> No.53335520

>>53335474
>the jews treated me well so I'd sell out my children to wageslavery to keep my pension funds

>> No.53335522

>>53335474
>we take 10% as a management fee and 2% on greater than 10.1% returns as a performance premium
>why yes we do solely invest in index funds and low risk etfs
>our current portfolio is 90% SPX with over 3 dozen low risk etfs and treasury bonds

>> No.53335534

>>53335474
>and staking links gives you 4.75%

>> No.53335535

>>53335474
Why don’t more biztards call in to troll him

>> No.53335538

>>53335522
How antisemitic of you to point this out

>> No.53335566

>>53335535
He probably has a retard filter for his phone lines otherwise you'd get guys calling in asking how to stake index funds

>> No.53335592
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53335592

>>53335474

>> No.53335808

>>53335534
unironically the best investment considering link itself will also moon

>> No.53335824

>>53335498
No. Physical currency only. When you pay for groceries, you must FEEL the wealth leaving you.

>> No.53335892

>>53335824
This. Was way more frugal when I was in Europe in Germany when I had to go into my wallet and see my Euros drain

>> No.53336309

>>53335892
Part of that may have been from being around Germans. Their frugality rubbed off on you.

>> No.53337114

>>53336309
why are germans so frugal? is it a genetic thing? my dad was german and i never saw him yet i will sooner part with my toes than pay for a new pair of shoes.

>> No.53337166

>>53335474
I used to listen to his show on my way home and I could never figure out his 12-15% funds. Turns out they were those old "American" funds that literally had a 30% front load fee and 5% yearly. It was mathematically impossible to ever be in the green with the majority of those funds and most of them were just really shitty S&P stock picks

>> No.53337245

>>53337114
>why are germans so frugal?
Because your average german is poor as shit.

>> No.53337282

>>53337245
but poor american niggers still cant help themselves from spending all their money and ebt on bullshit

>> No.53337298

>>53337282
American niggers get a monthly allowance from their government as long as they agree to rape and burglarize

>> No.53337401

>>53337166
They also present lifetime performance as a steady metric instead of having mostly years of underperformance and only a few years of huge overperformance that are long in the past.

>> No.53337424

>>53337401
It was funny how no actively managed fund includes fees into their performance. It's hard to sell a negative ROI over 10 years

>> No.53337538

>>53335474
Dave is wrong about the percentage returns, but he is right that it's worth it to pay for performance. He says something like:

> I ask millionaires how they got right. Not one has told me, "well Dave, I found this etf with really low fees"

Yeah your shitty default 401k option that charges 0.5% is a scam, but it's not a terrible idea to pay a percentage for actual management.

> Inb4 most managers lose money

Most managers are GEDs working for E-Trade in Ohio and Texas.

>> No.53337583

>>53337538
Are you genuinely a retarded gorilla or a paid shill? All of Dave's funds have massive fees that mean, even in a super hot market, you will always be in the red after fees and inflation. Unless you're paying Larry Fink directly to manage your 401k, you will always come out better with a basic S&P 500 index fund. "Just find the magical unicorn bro" isn't an argument, because 96% of active fund managers either lose money over a decade or can't even match an index fund

>> No.53337643

>>53337538

extremely rich people diversify because they don't need huge gains on every one of their assets. that's why they can afford to actually buy bonds. their 'actively managed funds' has a guy that is actually out buying real estate, fine art, working with VCs, etc. the mutual funds they buy - which are just one part of a more complex capital deployment strategy than any normal person would ever need - are still likely low fee s&p. someone making 50k a year putting stuff into a 401k does not have the same strategy as someone making 50mm a year. the 50k person cant afford to have money sitting around making 1-2%. the 50mm person can because they already have so much fucking money just maintaining it is enough. poor people are so dumb.

>> No.53338007

>>53337583
Filtered. You replied with the exact response I anticipated in my inb4.

You have been brainwashed by bogleheads. Remember the whole idea of Indexing and S&P was it is cheap and good enough, not God's true and only way to make money.

>>53337643
I don't disagree with this. But don't doubt for a second that they allocate some to more aggressive returns with active management.

>> No.53338029

>>53335522
You forgot the 50% taxes plus tip

>> No.53338170

>>53337538
Post brokerage screenshot now

>> No.53339361

>>53337583
If someone bought all the companies on the dividend aristocrats list and just held they will beat the S&P 500. Really that simple.

>> No.53341346

>>53335474
He gives good advice to dumb people with no self control, but we live in a Talmudic system if you want to be rich you need to use debt and you're going to need to take on a lot of debt

>> No.53341564

>>53335808
unless it doesnt, in which case you're getting 4.75% of dogshit + your initial investment as dogshit