On Thu, 27 Jun 2013 13:58:41 -0400, Wayne.B wrote:

On Thu, 27 Jun 2013 13:43:47 -0400, John H
wrote:

Forgot this. Next month I plan to remove my portfolio from the Wells Fargo management folks. They've
been consistently well under performing the S&P. My question to them is why not just invest
everything in the SPDR S&P 500? At least I wouldn't be as far behind the S&P as I've been, nor would
I be paying them for 'management'.

(Thirty years in the military did not teach me a lot about investing.)

====

I think that's a good plan. Charles Schwab has excellent service and
low commissions, especially compared to Wells Fargo. The Vanguard
index funds (which can be purchased directly or via Schwab) are
excellent and have low management fees.

Thanks again. Our Wells Fargo meeting is later this month. They've basically let some computer
algorithm pick stocks for buying and selling and I may have shares in a couple hundred different
stocks at one time. Of course, the number of shares per stock is small, and I'm not charged for the
transactions. But last year there were about 80 that were reportable. Drives me up a wall at income
tax time. I think a few funds might be much easier to manage.

John (Gun Nut) H.
--

Hope you're having a great day!