Favorite Mutual Fund Company?
Written by Nickel - 34 Comments
Okay, time for a quick question… If you were only allowed to choose one mutual fund company for your investments, which one would it be, and why?
Published on July 10th, 2007 - 34 Comments
Filed under: Saving & Investing
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About the author: Nickel is the founder and editor-in-chief of this site. He's a thirty-something family man who has been writing about personal finance since 2005, and guess what? He's on Twitter!
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Vanguard
Comment by Josh — Jul 10th 2007 @ 10:30 amVanguard for low fees. If you want a wider range, Fidelity, but scrutinize the fees.
FWIW, I’ve done business with both but currently only have Fidelity from a 401k rollover. I would go back to V in a second if I needed another account, but I don’t.
Comment by mapgirl — Jul 10th 2007 @ 11:14 amT.Rowe Price & Vanguard
They are a coin-toss. Reliable, great webiste, links with MS Money, SAFE, great offering of funds
Comment by Ryan — Jul 10th 2007 @ 11:55 amVanguard, hands-down. Low fees beat active managers every time!
Comment by John — Jul 10th 2007 @ 11:57 amI’ll have to go Vanguard as well on this one. Low fees and a pretty good variety of funds.
Comment by Chuck — Jul 10th 2007 @ 12:06 pmI would say Vanguard, but for the exact opposite reason as mapgirl: in my experience Vanguard has slightly higher expense ratios than Fidelity, but a better selection of index mutual funds. For example, Fidelity has no small cap value index fund. Vanguard has lower minimums though, so it’s easier to get started.
Comment by Matt — Jul 10th 2007 @ 12:07 pmI’d go with Fidelity.
Fidelity has lower fees for all-stock market indices than Vanguard. And for what its worth (some would say “very little”), they offer a wide selection of sector-specific and actively-managed funds that you can buy without incurring trading fees.
I would *not* choose Fidelity to manage a stock-based portfolio, as their equity-trading fees are expensive.
Comment by Jonathan — Jul 10th 2007 @ 12:10 pmTRowePrice…extent of their funds and great customer service.
Comment by David — Jul 10th 2007 @ 12:23 pmOne more thing in favor of Vanguard: While I don’t believe there’s any such thing as stock selection skill, the guy running Vanguard’s index funds, Gus Sauter, has excellent transactional skill. Managing the transactions needed to track an index efficiently prevents funds from incurring expenses not reflected in the expense ratio.
Comment by Matt — Jul 10th 2007 @ 12:39 pmWhy not a mutual fund marketplace? I’ve used Scottrade for several years and am very happy. Not tied in to any brand of mutual funds.
Comment by James — Jul 10th 2007 @ 1:34 pmI like idea of using mutual fund marketplace, I use charles schwab.
Comment by sunil — Jul 10th 2007 @ 2:43 pmUSAA since i have most of my stuff with them.
Comment by Tim — Jul 10th 2007 @ 3:22 pmMutual funds? Give me ETFs any day.
Comment by Lazy Man and Money — Jul 10th 2007 @ 3:54 pmT.Rowe Price because the returns and allocation on their lifecycle funds fit my goals better than the equivalent Vanguard and Fidelity funds. Vangaurd is a close second for fees.
Comment by broknowrchlatr — Jul 10th 2007 @ 5:30 pmT.Rowe Price, great funds, awesome returns and really good customer service.
Comment by Ross — Jul 10th 2007 @ 7:25 pmI like Dodge & Cox a lot.
Comment by Sun — Jul 10th 2007 @ 10:05 pmWe went with Vanguard because of the low fees.
Comment by Wayne — Jul 11th 2007 @ 12:13 pmVanguard, in addition to low fees they have exactly managed sector funds because of the skill they have demonstrated selecting sub advisors.
The Vanguard Energy fund has been a great low-fee no worry performer I plan to keep indefinitely.
Their tech fund managed by Kevin Landis is also a winner if you are inclined to invest in technology.
Comment by Steve — Jul 11th 2007 @ 12:14 pmsecond on Dodge & Cox
Comment by Pneuma — Jul 11th 2007 @ 1:13 pmVanguard for the selection, Maires and Powers for past performance.
Comment by Lucas — Jul 11th 2007 @ 1:54 pmVanguard, love them!
low fees and perfect customer service
Comment by Moneymonk — Jul 11th 2007 @ 4:04 pmI don’t limit myself to just one company. I’ve used a diversified portfolio of index funds, ETFs, and no-load funds; but my current favorite is “No Load Fund X Upgrading”. Therefore I use a variety of no-load funds and ETF companies.
Comment by Millionaire Mommy Next Door — Jul 11th 2007 @ 11:50 pm~Millionaire Mommy Next Door
Hey, did anybody say “Vanguard” yet?
Well, let me join the herd.
Comment by Shadox — Jul 12th 2007 @ 10:10 amWhile, practically speaking, I would choose Vanguard, in theory (were I able to overcome the up front fees), I believe that Dimensional Fund Advisors is even better. They can be accessed through a PHENOMENAL website, http://www.ifa.com, which in addition to be entertaining, is absolutely filled with useful information and really helps you understand asset allocation.
Comment by Hieronymous — Jul 12th 2007 @ 3:36 pmOh, and you had asked why:
Broader range of choices than Vanguard, pre-packaged portfolios with lower risk and higher returns than Vanguard. One-stop shopping for the lazy asset allocator (at IFA, that is; DFA does not construct the all-in portfolios itself).
One other item: you can now access some DFA funds–sans sales fees–in one of the new 529 plans.
Comment by Hieronymous — Jul 12th 2007 @ 3:39 pmVanguard!
Comment by Mr. Bee — Jul 12th 2007 @ 4:56 pmVanguard is doing me well so far.
Comment by Flexo — Jul 12th 2007 @ 11:44 pmVanguard
Comment by Jose Anes — Jul 13th 2007 @ 9:09 amFidelity – they have the cheapest UK tracker which (in an ideal world) would form the core of my holdings.
Comment by plonkee — Jul 13th 2007 @ 12:44 pmFidelity.
Comment by Haley — Jul 13th 2007 @ 3:50 pmvanguard for the win! VFINX for the win!
Comment by Squeezer — Jul 13th 2007 @ 7:22 pmVanguard
Comment by Livingalmostlarge — Jul 16th 2007 @ 2:28 pmFidelity has been good to me.
Comment by eburton — Jul 18th 2007 @ 7:24 pmI’m going to pile on the Vanguard. Not just because of their accounts, but it’s absolutely easy and intuitive to use all their online features. That is one well-designed site! And on the two occasions I’ve needed additional information, their phone reps were totally helpful. If only these guys had a high-yield savings account so I didn’t have to slog through HSBC for that.
Comment by Hibryd — Jul 18th 2007 @ 10:21 pm