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 We are a Proud Index Funds Advisors Network Member Firm www.IFA.com www.ifa.com/networkmembers/networkmembers.asp   Q: How can individuals find managers who can beat the street?
A: Most people think they can find managers who can outperform, but most people are wrong. I will say that 85% to 90% of managers fail to match their benchmarks, if you properly specify their benchmarks.
Q: That's pretty pessimistic.
A: Yes. But because managers have fees and incur transaction costs, you know that in the aggregate they are deleting value . The investment business is a giant scam. It deletes billions of dollars every year in transaction costs and fees.
Q: So what should individuals do?
A: Most people should simply have index funds to keep their fees low and their tax down. No doubt about it."
-Jack Meyer, former Harvard Management CEO (Harvard University Endowment), credited with tripling the endowment from $8 billion to $27 billion during the 10 years\he was at the helm. Excerpted from BusinessWeek interview, "Husbanding that $27 Billion", December 27, 2004
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Mvelopes Personal is an online financial planning program for home or personal use to help you manage your spending, save money, and reduce your debt. And with anytime, anywhere access, budgeting is now easier than ever!
With Mvelopes Personal you can:
Recommended Reading:
Index Funds: The 12 Step Program for Active Investors "This is a very handsome book written by a friend of mine, Mark T. Hebner, who owns an advisory firm called Index Funds Advisors located in California. Mark is the foremost authority on the use of passive investments and their superiority over actively--managed funds. Having been burned by as much as $30 million as a result of his stockbroker's advice, Mark discovered indexing and seeks to help others avoid making the costly mistake of using active money managers. It is a great read. " President ORRGROUP, LLC  IFA quick-domains:
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"Your best bet: use Fee-Only advisers, suc  h as those who charge an hourly fee, a percentage of your portfolio's value or a fixed annual retainer." - Jonathan Clements, Wall Street Journal Objectivity-Included™ Financial Advice  If you have a desire and commitment to achieve your financial and life dreams, our doors are always open to you.
Come experience the very pinnacle of all-inclusive financial planning excellence. Here you will find the Objectivity-Included™ planning and investment advice that ORRGROUP provides to all of its cherished clients. Being strictly Fee-Only and Independent of any financial firm ensures your best interests are always at heart. Let us help you create and implement sound financial strategies, both for personal and business goals. Count on having a unique experience--where you are the center of attention, where commissions are non-existent, where fiduciary duty and trust are not just buzzwords, and where ensuring your financial well-being is our overriding mission. ORRGROUP is a unique financial planning firm where you become delighted with our impartial investment advice, where you are cared for with sincerity and diligence in achieving your most cherished goals in life, where only what is in your best interest is recommended and where no financial products are ever sold. ORRGROUP, a new standard in financial planning…the time has come. Call 321-332-7179 or toll free at 866-NEED PLAN(633-3752) for a free initial consultation or appointment or contact us directly by clicking here and we will be in touch soon. Thanks for visiting!
 Andrew C. Orr, CFP®, CLU, ChFC, AIF®
President
   5/1/2008: Andrew Orr, CFP, CLU, ChFC, AIF quoted in an Orlando Sentinel article titled "Hidden Fees Carve Into 401k Savings" A great article by business reporter Richard Burnett. He clearly lays out the problems that exist out there with hidden fees and excessive costs within 401k plans. 5/1/2008: Andrew Orr, CFP, CLU, ChFC, AIF quoted in an Orlando Sentinel article titled "Checking fine print can mean saving on fees or 'Sales Culture' adds up to higher fees" Part of the same issue in the Orlando Sentinel where a specific company 401k example is given.  4/29/08: Wal-Mart sued over lack of index funds and lower cost institutional funds in their $9.5 Billion 401(k) plan. 1.4 million employees are mad and are not going to take it any more! They want index funds and they want them now! You should too.
 Why the crusade? 401(k) retirement plans are quickly becoming the only retirement funding vehicle for the majority of Americans. Because of the importance of this fact, we feel that employees need all the help they can get. Unfortunately most 401k plans are chock full of excessive fees and unnecessary plan expenses. We feel the time has come to rein in the financial industry's insatiable appetite for earning increasing fees generated on the backs of workers everywhere. Check out what  has to say about an increase in lawsuits directed to companies for excessive fees levied by the 401k plan: 401k's in the Crosshairs  Learn about our 'open-architecture' 401k platform. Enjoy all-inclusive asset charges below 1%. Welcome to complete cost transparency. Enlist the industry's leading index fund family for your company. Get on the Right Path! Visit the RightPath 401k website by clicking here
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