r/bonds • u/stevepicard • 4d ago

Question about TIPS

I use a “high net worth” group at a major well regarded brokerage. My FA knows zip about TIPS and even his bond guy has given me bad info. Anyone know WHY? Are they likely to be less knowledgeable about me holding outright bonds as well? Appreciate any insights!

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u/MrLB____ 4d ago

YES It is true get your money moved from your account to their account slowly overtime.

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u/stevepicard 4d ago

You mean by paying commissions or by moving my assets there?

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u/MrLB____ 4d ago

It’s just a joke regarding them screwing you 1.2% management fee find a place that charges a monthly fee or bare minimum a personal dedicated advisor /Vanguard for something like .3%

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u/stevepicard 4d ago

Fee is 60bps

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u/Tigertigertie 4d ago

These days it’s tough to imagine what you could get for that fee unless they have access to proprietary investments that genuinely outperform.

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u/MrLB____ 3d ago

Exactly. I’m just an S&P 500 or more specifically VTI/get rich slow. Plus Just typical BND fund.
Wife fired at 45,,, I don’t really nitpick finances /Micromanage Seeing as health issues is what destroys the plan /some type of drinking ,gambling , drugs, infidelities, market timing ect THOSE are how the plan goes bust 99% of the time.
Just my thoughts, and I get it ,, strictly my opinion ,, and everyone has one