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Chat with my credit union manager about mutual funds
She told me her personal brokerage account earned 3% more per year than her credit union's managed fund, and that hit different because I assumed they were the same thing. Anyone else get better returns going with a discount broker over your local bank's investment options?
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rivera.holly1d ago
Oh man, that stings worse than realizing you've been paying for premium gas in a Corolla. I once bragged to my brother about my "killer" bank returns only to find out he'd beat me by like 4% with a basic Vanguard index fund. It's humbling when the folks who sold you the product admit they don't use it themselves.
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betty_barnes22h ago
Dude, my buddy Mike had the exact same wake up call. He was all proud of his bank's "wealth management" account, talking about it at a cookout like he was Warren Buffett. Then his girlfriend's dad, who's a retired mechanic and just messes with Fidelity on his laptop, casually mentioned he was pulling in way more. Mike checked his own statements later that night and felt like a total fool. He switched everything over to a basic index fund the next week and has never looked back.
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