Comments on: Bond Fees and Financial Planners: Weekend Reading http://www.obliviousinvestor.com/weekend-reading-111309/ Investing Blog: The Oblivious Investor Mon, 06 Feb 2012 20:02:26 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Dylan http://www.obliviousinvestor.com/weekend-reading-111309/comment-page-1/#comment-4045 Dylan Fri, 13 Nov 2009 16:10:17 +0000 http://www.obliviousinvestor.com/?p=5306#comment-4045 Blog posts like the one from Amateur Asset Allocator you link to frustrate the heck out of me. They are written on the faulty premise that people shouldn't look for "IRA rates" or "Roth IRA rates" because there is no such thing. These posts usually confuse the concept of an <b>ownership arrangement</b> with the concept of <b>accounts</b> and use them interchangeably. While it is correct to say such arrangements don't credit interest, <b>it is not correct to say that IRA accounts that credit interest do not exist</b>. The supporting argument is usually that you must purchase an interest bearing investment within the account (i.e. the account itself cannot pay interest) and that you can buy different yielding investments; however; <b>this is simply not true of all types of accounts</b>. You can go to a bank and open an interest bearing, FDIC insured IRA account or Roth IRA account with an APY or "rate." The reason this frustrates me so much is that when people look for such accounts with a search engine, the results are dominated by a bunch of SEO blog posts saying that there is no such thing and/or you're misinformed for even asking. Blog posts like the one from Amateur Asset Allocator you link to frustrate the heck out of me. They are written on the faulty premise that people shouldn’t look for “IRA rates” or “Roth IRA rates” because there is no such thing. These posts usually confuse the concept of an ownership arrangement with the concept of accounts and use them interchangeably. While it is correct to say such arrangements don’t credit interest, it is not correct to say that IRA accounts that credit interest do not exist. The supporting argument is usually that you must purchase an interest bearing investment within the account (i.e. the account itself cannot pay interest) and that you can buy different yielding investments; however; this is simply not true of all types of accounts. You can go to a bank and open an interest bearing, FDIC insured IRA account or Roth IRA account with an APY or “rate.”

The reason this frustrates me so much is that when people look for such accounts with a search engine, the results are dominated by a bunch of SEO blog posts saying that there is no such thing and/or you’re misinformed for even asking.

]]> By: Mike http://www.obliviousinvestor.com/weekend-reading-111309/comment-page-1/#comment-4044 Mike Fri, 13 Nov 2009 15:31:54 +0000 http://www.obliviousinvestor.com/?p=5306#comment-4044 Hi Paul. You're welcome. And thanks. :) Hi Paul. You’re welcome. And thanks. :)

]]> By: Paul Williams @ Provident Planning http://www.obliviousinvestor.com/weekend-reading-111309/comment-page-1/#comment-4042 Paul Williams @ Provident Planning Fri, 13 Nov 2009 14:51:35 +0000 http://www.obliviousinvestor.com/?p=5306#comment-4042 Thanks for the link, Mike! I also highlighted one of your articles today - 11 tips for picking mutual funds. Good stuff!! Thanks for the link, Mike! I also highlighted one of your articles today – 11 tips for picking mutual funds. Good stuff!!

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