Your fees to Wall Street are wasted
#Vanguard Funds #401k #retirement
This is why I believe you must begin to manage your own wealth!
Take a look at this. I logged into my 401k plan via Vanguard. I looked at one of the middle of the road performing funds. All it has is a collection of other Vanguard funds. Both are managed by different fund managers! Talk about double dipping. And there is nothing illegal about this.
Target Retirement 2040 Trust Plus up 13% YTD
https://investor.vanguard.com/mutual-funds/profile/pe/portfolio/1657
Investment Manager Biographies
Michael R. Roach, CFA
Portfolio manager.
Advised the trust since 2023.
Worked in investment management since 2000.
B.S., Bloomsburg University of Pennsylvania.
M.S., Drexel University.
So what is in the top fund within the above retirement fund?
VSMPX? The Magnificent 7
And this Vanguard fund is managed by no less than three managers!
Gerard C. O'Reilly
Principal,
Portfolio manager.
Advised the fund since 1994.
Worked in investment management since 1992.
B.S., Villanova University.
Walter Nejman
Portfolio manager.
Advised the fund since 2016.
Worked in investment management since 2008.
B.A., Arcadia University.
M.B.A., Villanova University.
Michelle Louie
CFA,
Portfolio manager.
Advised the fund since 2023.
Worked in investment management since 2011.
B.S., The American University.
M.B.A., Georgia Institute of Technology.
Their lifestyles thank you!
PS - outside of full bull mode equities, there are very few conservative options. And if you wanted to put your retirement into metals and mining there are zero options for this employer matched 401k account.