I have money that was once invested in USAA that was moved into Victory Capital. I never moved my money into a different investment account within Victory Capital and it’s currently in the USBSX account.
There are other accounts but I’m not sure which one I should consider moving my money into for a better return. Like there’s a USEMX fund, MMIJX fund, USIFX fund and many more. The performance view of these funds is very different from what I’m use to seeing in other investing platforms.
Can someone who’s familiar with investing in victory capital offer a suggested fund for me? I’m not sure if victory capital is even a good place to keep my money. I never heard of it until USAA stopped its investment portfolio and moved my money there. I have $14k in this account. Thanks so much.
This looks like a "fund of funds". Meaning, it's a mutual fund that invests into other ETF's and mutual funds. There's not an inherent "risk" with it, as it's quite diversified. However, the fees are really high. All things equal, you could move your funds over to a Vanguard or other direct fund with much lower fees and likely do much better over time.
Honestly, I've never been a fan of insurance companies who offer investments. Often times, I find them as proprietary funds with higher fees and lower performance. It's just a way to cross sell your customers for more profit (for the company).
This looks like a "fund of funds". Meaning, it's a mutual fund that invests into other ETF's and mutual funds. There's not an inherent "risk" with it, as it's quite diversified. However, the fees are really high. All things equal, you could move your funds over to a Vanguard or other direct fund with much lower fees and likely do much better over time.
Honestly, I've never been a fan of insurance companies who offer investments. Often times, I find them as proprietary funds with higher fees and lower performance. It's just a way to cross sell your customers for more profit (for the company).
Thank you! This was very helpful. I’m going to move my money from this account. Any suggestions on a ETFs with great returns?
This looks like a "fund of funds". Meaning, it's a mutual fund that invests into other ETF's and mutual funds. There's not an inherent "risk" with it, as it's quite diversified. However, the fees are really high. All things equal, you could move your funds over to a Vanguard or other direct fund with much lower fees and likely do much better over time.
Honestly, I've never been a fan of insurance companies who offer investments. Often times, I find them as proprietary funds with higher fees and lower performance. It's just a way to cross sell your customers for more profit (for the company).
Thank you! This was very helpful. I’m going to move my money from this account. Any suggestions on a ETFs with great returns?
The investment industry has largely moved towards index funds with low expenses. There have even been a number of 401k fiduciaries that have been sued for not choosing the lowest cost funds for their participants. So I would focus on something with very low costs, like a Vanguard fund.
We never really know which sector is going to provide the "great returns" or for how long. So generally, something like the Vanguard Total Stock Market fund is a pretty good place to start. Plus Vanguard usually has pretty good tools to walk you through transferring the USAA account over.