Comments on: Answers to Your Questions From the Authors of “On My Own Two Feet” Part 1 http://genxfinance.com/answers-to-your-questions-from-the-authors-of-on-my-own-two-feet-part-1/ Helping a unique generation achieve financial independence. Thu, 24 May 2012 01:09:21 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Steve Austin http://genxfinance.com/answers-to-your-questions-from-the-authors-of-on-my-own-two-feet-part-1/comment-page-1/#comment-9029 Steve Austin Thu, 21 Jun 2007 20:42:11 +0000 http://genxfinance.com/2007/06/20/answers-to-your-questions-from-the-authors-of-on-my-own-two-feet-part-1/#comment-9029 Regarding the answer to my first question, "long track record" is a little vague, as "long" is subjective. To me, long means more than 30 years. So for me, should I only work with an advisor with that long a track record? Also, just having *a* track record for some long period of time doesn't necessarily mean it is a good record. ;-) So, if I might be so bold as to ask for further clarification, *how* long and *how good* a track record should I demand so that I know I'm working with one of the best in the business? Regarding the answer to my second question, I haven't read Bogle's book, but I know that Bogle/Vanguard have a reputation for low fees. However, they still use the % on assets under management model (open-end mutual fund expense ratios). So if Bogle rails against that model in his book, he (or at least Vanguard) sure doesn't practice what he preaches. Regarding the answer to my first question, “long track record” is a little vague, as “long” is subjective. To me, long means more than 30 years. So for me, should I only work with an advisor with that long a track record? Also, just having *a* track record for some long period of time doesn’t necessarily mean it is a good record. ;-) So, if I might be so bold as to ask for further clarification, *how* long and *how good* a track record should I demand so that I know I’m working with one of the best in the business?

Regarding the answer to my second question, I haven’t read Bogle’s book, but I know that Bogle/Vanguard have a reputation for low fees. However, they still use the % on assets under management model (open-end mutual fund expense ratios). So if Bogle rails against that model in his book, he (or at least Vanguard) sure doesn’t practice what he preaches.

]]> By: broknowrchlatr http://genxfinance.com/answers-to-your-questions-from-the-authors-of-on-my-own-two-feet-part-1/comment-page-1/#comment-8966 broknowrchlatr Thu, 21 Jun 2007 04:30:00 +0000 http://genxfinance.com/2007/06/20/answers-to-your-questions-from-the-authors-of-on-my-own-two-feet-part-1/#comment-8966 A big thanks to them for the answers to my questions and others! After being lucky enough to be selected to recieve a copy, I'll be anxious to see the book. A big thanks to them for the answers to my questions and others! After being lucky enough to be selected to recieve a copy, I’ll be anxious to see the book.

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