Hello,
Was wondering if the masterful people on reddit can assist me in direction towards a better long term decision.
Currently I put in about 30,000 usd in a Primerica Mutual Fund and want to know if it would be better to transfer over to another account? I already paid the hefty 4% fee which they got to take their 1200 usd from the original amount – not sure i'm fully trusting in Primerica since they do come off as an MLM but my cousin who I trust led me to a Broker who is still active that he used to work/live with and said he's a trustworthy guy.
What is better ETF or Mutual Funds for the long term – Also what is better Fidelity / Charles Schwabb / or Vanguard?
byu/bigdaddyelon ininvesting
Posted by bigdaddyelon
2 Comments
Bruv yes. You lost me at Primerica. Get that shit out of there. Any of the 3 would be worlds better. Don’t sit, run my dude.
Get it in VTI/VXUS ETFs at 75/25 ratio and leave it there.
Your Primerica instinct is right. 4% upfront fee is just money that never gets to compound for you — rough start.
Evaluate the returns after fees with low cost index fund.
For long term, low cost index ETFs beat most actively managed funds. Not because of magic — just math. Lower fees = more of your money working for you.
Vanguard, Fidelity, Schwab — all fine. Vanguard basically invented low cost investing. Pick any one, stop overthinking it.
One thing though — if your cousin’s broker earns commissions on what he sells you, his interests and yours aren’t fully aligned. Worth knowing.
Move the money, buy a simple index fund, leave it alone. That’s genuinely it.