Reply to Investments 101 - how do I learn how to understand these?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]What does active management mean exactly and how much are you being charged for it?

There are a number of studies that show that active management is bad or not as cost effective as buy and hold.

Biggest thing to know is, what fees are you being charged? If it's any more than half a percent, you are probably being robbed.

I agree, bogelheads or reading pf books from the library, or taking an investing class from a community college is a good way to go. [/quote]

Maybe I don't mean active management (see - I don't even understand the terms! That's why I need the basics!) More that we have a number of actual specific company stocks vs. something like a vanguard fund, though to be honest I don't really know what a Vanguard fund is, I just see it mentioned here frequently.  I believe it is mostly a buy and hold strategy, but there are legacy stock positions so someone does manage the portfolio in terms of looking at diversification / sector weighting, managing capital gains and losses, etc.

I believe fees are around 0.3%

Do you have any particular personal finance (I assume that's what pf stands for?) books or authors to recommend? If I go to the library and just pick one at random is that likely to be good for what I need?[/quote]

OMG -- how did you get in so deep? How did you even get started in investing if you don't know if you have active management or not; company stocks; mutual funds or ETFs? Seriously -- who did you give your money to? How do you know if it over/under performs the S&P?[/quote]

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