Quote:
Originally Posted by Sieg
So......thanks to this thread I've been digging in the files and found a State Farm Flexible Premium Annuity IRA that I opened in 1983 which a fund it and forget about it deal.........total premiums paid $6,500, current value $13,200....cha-CHING!
Then I quizzed the wife about her 401K plan at work which I've paid little attention to..........comprised of 3 Mutual Funds (SUPAX, OUTDX, SMCAX) through DWS Investments (Deutsche Bank Group) asset allocations are Growth & Income and Growth. The Sept 30, 2011 YTD performance was -$13,600. 
I researched each fund's performance and Morningstar basically rated 2 of the 3 as dogs and the other mediocre.
I will definitely be making modifications as I figure she's still got a good 15 working years left in her! 
Having 66% of that fund in say 5 Steady Eddies and one decent mutual fund would have certainly beat -$13.6K over the same period right? |
Sadly -- Another reason mutual funds SUCK!
Yes -- you could throw a dart at a board and beat that performance!