Date: Thu, 16 Jun 2005 08:01:28 CST
From: "HW \"Skip\" Weldon" 
Newsgroups: misc.invest.financial-plan
Subject: Re: DFA? (was Re: understanding risk)
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On 15 Jun 2005 23:10:15 GMT, Michael Siemon 
wrote:


>I got a list of local advisers who use them, as well as
>a Seattle firm with a Web presence, and am considering whether the 
>management fees would be (more than) covered by any advantages the 
>DFA funds might have over (say) Vanguard.

DFA enjoys a good reputation.  Whether they are appropriate for you
depends on you. 

In general, for a do-it-yourself investor, I view DFA as being in the
same category as the American Funds group... good funds with good
expense ratios, but after considering the add-on for the advisor, I
probably would prefer a Vanguard, Fidelity, T Rowe Price, etc.  Again,
I am speaking of a DIYer.

On the other hand, for the investor who wants the on-going services of
an advisor and who understands the associated costs, DFA would be an
attractive choice.

But in fairness, there would be other attractive choices as well.
Once you get beyond diversifying and watching costs, no mutual fund
offers magic.  And least no magic that we can know in advance.  



-HW "Skip" Weldon
 Columbia, SC