Saving log - $0
Spending log - $0
No spend day. I ate the other half of my sub sandwich while I listened to the 403B talk from the Merrill Lynch broker. It turned out that this was a check-in meeting, not too horrible or drastic. Trying to calm the troops from the sell-off from a couple of weeks ago. But there were some highlights:
1. There was more than 5M in total in our office's 403B retirement accounts, so now we will have A-shares, instead of R-shares. A-shares, we are told, have slightly lower fees - about .25% to .50%.
To an data geek like me, that's good news. Of course I will verify. My lawyer friend joked that I was sweating the small stuff. Au contraire, I said, I'm sweating the big stuff disguised as small stuff. Fees look small when you see them on the page, but when applied secretly on your account, they loom large. Worse, its not like there's going to be a line on our quarterly statement that says: Fees!
2. Someone asked about the socially responsible fund - who picks it and what criteria do you use? I'm not saying I told you so .... I'll just link to it instead. Tee hee.
3. I asked this one: because stocks are so volatile, when is the best time to rebalance? Now or wait a bit when things settle down?
The broker hemmed and hawed a bit. Now if you want to buy stuff cheap and you think this is just a burp (his opinion), or a little bit later if you are nervous. Luckily for me, everything went down in about the same measure, so eh...
big stuff disguised as small stuff
March 16th, 2007 at 02:14 am
March 16th, 2007 at 05:43 am 1174023808
March 16th, 2007 at 01:13 pm 1174050790
March 17th, 2007 at 01:54 am 1174096487
March 17th, 2007 at 02:50 am 1174099806