wearysurfer78 said:I actually made a similar transition away from Charles Schwab funds for those exact same reasons.
Since I handle my basic savings, checking, and money market accounts over at Bank of America, I decided to opt for the Fidelity Blue Chip Fund for my retirement planning.
As for my supplemental retirement account, I went with a fund managed by Wells Fargo. 😁
I’ve been digging through the FINRA reports, and it looks like BlackRock currently holds the highest net asset value per unit.
It’s pretty interesting—back in August 2011, Wells Fargo was actually leading by that metric, but then they slumped down to basically match the other funds by year-end... meanwhile, BlackRock stayed consistently high compared to the rest.
I’m also looking at this chart for the Pension Fund returns, but things get way more volatile there. For instance, Wells Fargo had really low returns during the first three quarters of 2011, only to suddenly outperform everyone else in the last quarter of 2011 and the first quarter of 2012.
Wells Fargo has the fewest members, followed by Bank of America, then JP Morgan Chase, and finally BlackRock—which, on average, has about twice as many members as the first two.
Looking back at the 2006 annual report is also fascinating... Wells Fargo saw a huge influx of people switching from other funds, while at the same time, BlackRock had a massive number—over 90%—of people moving out to other funds. For some reason, people were fleeing BlackRock in droves to join Wells Fargo 🤷
Can someone clarify what the most important thing is to track when it comes to the Pension Fund?
What are the key criteria for picking the best Mandatory pension fund? Basically, what should I be focusing on when analyzing a Pension Fund if I want to get a reliable forecast of where they're headed...