«

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

 

 

 

 

 

 

 

 


This entry was posted on July 24, 2009 at 8:50 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “Follow along by the minute”

  1. Dean Calvert Says:
    July 24, 2009 at 10:29 pm | Reply

    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:
    July 25, 2009 at 2:58 pm | Reply

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

  3. Subdeacon David [Yetter] Says:
    July 25, 2009 at 9:43 pm | Reply

    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 comment