Already Beat Morgan Stanley

I called my financial manger at Morgan Stanley today to find out that he left two weeks ago. He didn’t even say goodbye, he just took my $700 and left! As you can recall this is the dude I pay a hefty 1.3% to manage my wife’s Roth IRA (part 1 and part 2 here). He has picked some ridiculous 19 fund portfolio that overlaps to all hell. Mine is a simple 2 fund portfolio 33% domestic equities and 66% international. In light of the shocking patient abandonment situation, I guess it is good time to check on how things are going. Lets take a look at my holdings, there have been no new contributions due to the income limit for direct roth contributions. As you can recall I have a simple 2 fund portfolio with Vanguard:

Vanguard Growth Index Fund Admiral Shares VIGAX 32.5%
Vanguard International Growth Fund Admiral Shares VWILX 67.5%

As of 16 April 2017, I have $53.5k in the wife’s and $87k in mine, today at the open of market this 21 July 2017 I have $91,370 in mine and my wife has $54,625.

16-Apr-17 21-Jul-17 Delta Percent Gains
Wife $53,500 $54,625 $1,125 2.1%
Derp $87,000 $91,370 $4,370 5.0%
Totals $140,500 $145,995 $5,495 3.6%

Well I still have my job, so I guess I am ahead of the Morgan Stanley guy. How can a tooth carpenter out preform some dude that spends his entire day looking at analysis? Is it time to trust in ourselves and not fall prey to the “experts” out there? Anyways if you had just made the same moves as me you could of saved 1.3% on fees! I am still awaiting a phone call to see which Bro they assign me to next!


4 thoughts on “Already Beat Morgan Stanley

  1. Dave says:

    Is there any easier way to get the Morgan Stanley Amex Plat yet?

    • uiucderp2011 says:

      All data points show that they will shut down if they verify you don’t have an account. The easy way to go is hit up the Ameriprise one which has no reports on shutdowns without accounts.

  2. Bob says:

    How do you subscribe to your posts or get an email notification when you post? I may have just answered my question by clicking the box at the end of this post that says notify me of new posts by email.

    • uiucderp2011 says:

      A lot of people subscribe to my RSS feed and use a program call feedley. Also if you make a sign in at WordPress you can get email copies of each post!

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