Follow along by the minute

Liveblogging of the Convention being updated minute-by-minute at http://ochlophobist.blogspot.com.

 

Our reports will come later. 

-Mark

 

 

 

 

 

 

 

 


About these ads

3 Responses to “Follow along by the minute”

  1. Dean Calvert Says:

    Was just reading about the bond portfolio.

    I used to own a money management business for 20 years.

    Paying anyone anywhere near 3% to manage a bond portfolio is nuts.

    Vanguard will do it for .3% – just go take a look at the Vanguard Treasury Bonds fund and do the math.

    Just a thought.

    Good luck,
    dean

  2. Brad M Says:

    3% fees – I was struck by the same thing. That is a very expensive advisor.

  3. Subdeacon David [Yetter] Says:

    I hope this is simply an example of innumeracy, and that .3% (which is relatively common as a management fee rate) was intended.

    Of course, innumeracy in finance committee chairman is yet another argument for an independent audit.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


Follow

Get every new post delivered to your Inbox.

%d bloggers like this: