Vic Smith wrote:
On Tue, 22 Jan 2008 19:59:51 GMT, Short Wave Sportfishing
wrote:

On Tue, 22 Jan 2008 11:28:01 -0600, Vic Smith
wrote:

On Tue, 22 Jan 2008 17:12:08 GMT, Short Wave Sportfishing
wrote:

On Tue, 22 Jan 2008 10:06:19 -0600, Vic Smith
wrote:

The money market fund in mine was always a couple points lower than
"free market" rates were offering.
It's all about risk/reward. I'll bet your 401k money market funds
were being put to work in less risky markets.
Probably cost a point just for the fund manager vigorish these
401k's extract. Very little transparency with these funds, and they
can skim as well as any mob casino operator.
That's not true at all. If you drop into a fund which participates in
T-bills or muni, Fed funds or Fed Short Term, that's very transparent
- has to be by it's base function.

Even funds that do commercial paper or chase LIBOR spreads have to be
transparent. I'm not sure what you are talking about with "skimming".

Mob guys call it skimming. 401k fund managers call it fees.
Here's an example of what I'm talking about.
http://www.usatoday.com/money/perfi/...401-fees_x.htm
You can find plenty of others.
Won't argue the definition of "transparency."
My point was you are locked into employer offerings, which aren't
always competitive.



Mob guys charge lower rates than credit card companies and have a higher
rate of return on investments than publicly traded companies. Or at
least they did. Dunno what the mob boys are doing these days.