I'm debating whether to mix my own educated blend of mutual funds from the choices offered, or to instead put my 401k money into a target-retirement date fund managed by Barclays (BGI).
Is Barclays a reputable company with a good track record?
Should I trust them with a big chunk of the money I'm setting aside for retirement?
Thanks for any insight you can give!
2007-05-24 21:50:03 · 5 answers · asked by Anonymous in Business & Finance ➔ Investing
That's like asking if New York City is a big city.
The answer is Barclay's is the largest manager of funds in the world. They invented ETF's (and are the world's largest supplier via their iShares).
They are tops in the "reputable" department. Like anything else, it will pay for you to look at companies like Vanguard and T. Rowe Price for similar funds, for comparison.
Barclay's will be better than most banks and insurance companies (generally the worst places to put retirement money).
Good luck!
2007-05-25 00:49:04 · answer #1 · answered by Common Sense 7 · 0⤊ 0⤋
I'm not sure what you mean by investment company. I trade stocks for a living, and if you mean brokers and such, I would suggest you use or invest in Goldman Sachs. There's some pretty sharp people running that company. GS is the stock symbol. You could either buy stock in them and let them make you money with their earnings or you could just let them manage your money for you, and make money that way. I have great confidence in this company, since it came out from under the recent subprime lending problems rather unscathed. I don't own the stock right now. I did own it and made some money on it. And I trade stocks through the discount brokerage arm of where I bank, and that happens to be Wachovia, but all large banks have the same system for you. I pay 6.95 per trade, so it's quite competitive with these online trading companies. And the side benefit is that I don't have to move my money out of my account, but can move it among my Wachovia accounts quite easily. I love doing it this way! Plus, I have a broker who answers his phone on the first couple of rings. It's wonderful service. But he can't advise me on trading, but only help me with technical stuff. You won't get any of that with an online brokerage firm.
2016-05-17 09:56:21 · answer #2 · answered by ? 3 · 0⤊ 0⤋
Absolutely, Barclay's is a top-notch investment company. My 401k offers several of their funds, probably because they have exceptionally low fees. I've made a lot of money investing in them over the years.
2007-05-24 23:06:14 · answer #3 · answered by zygote222 5 · 0⤊ 0⤋
Barclays global investors is a trustworthy investment company.they are the worlds larest privately held benefical owner of companies in the world.I would suggest you consult a certified financial planner with your retirement questions.
2007-05-24 22:38:15 · answer #4 · answered by endgame1915 3 · 0⤊ 0⤋
Yes.
They are the only the FOURTH BIGGEST BANK IN THE WORLD.
I am a Portfolio Manager with over a decade of experience in the Stock Market and I handle only a few customers with only a few millions of dollars and I did try to get a job there and after a complicated process that lasted almost a year I was not hired.
They really want to hire only the BEST IN THE WORLD and they really pay a ton of money to their employees.
You will be fine.
2007-05-25 14:46:30 · answer #5 · answered by Anonymous · 0⤊ 1⤋