Yeah but that’s on the Investment Banking side. A little different from the realities of the brokerage division. Maybe the top 5 V.P’s in the Retail area make those bonuses, but the average broker isnt seeing that large of a check…

babbling looney:

I like the idea of a statue of Goldman, complete with pigeons. And you're right I would give your left nut to work there. 

I also think this thread is a spoof.

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I'm an organ and blood donor, but I prefer to keep my matched set, thank you very much!

[quote=doberman]babbling looney:

I like the idea of a statue of Goldman, complete with pigeons. And you're right I would give your left nut to work there. 

I also think this thread is a spoof.

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I'm an organ and blood donor, but I prefer to keep my matched set, thank you very much!

[/quote]

I think she was addressing me...but if you want to take this one, go for it bro.

[quote=blarmston]Yeah but that's on the Investment Banking side. A little different from the realities of the brokerage division. Maybe the top 5 V.P's in the Retail area make those bonuses, but the average broker isnt seeing that large of a check....[/quote]

That is true, before GS went public, the rule was that only ONE retail person was allowed to be a partner at any given time. This is one of the reasons that so many people left.

I agree that this thread is a spoof, but I recently spoke with someone who was VERY established and left our firm to go to Goldman (he did a brief stint at our wirehouse). He said that the one striking thing was that EVERYONE works 12 hours a day there - no matter how established...

San Fran,

That is not that shocking to me. What is shocking to me is how terrible there mutual funds’ performance is.

there=their

and u  r right, awful funds

[quote=rook4123]San Fran,

That is not that shocking to me. What is shocking to me is how terrible there mutual funds’ performance is.

[/quote]

That has been my observation over the years, yet their asset allocation funds seem to be pretty darn good.  Anyone care to comment?

I have a buddy who swears by the GS Allocation Funds. I believe he uses the Growth/ Income model. He uses it for all accounts under 100K. He places 90% there, then takes 5% positions into two tactical ideas. He was bragging the other day about the performance, and it has seemed to work in recent years…

blarm, don’t post specific funds on here…you’ll inadvertently give trolls like bamburger free advice…

ACEIX does  a pretty good job as well.

[quote=Indyone]blarm, don’t post specific funds on here…you’ll inadvertently give trolls like bamburger free advice…[/quote]

yah but bamburger probably won’t buy it anyway because it’s one of those evil “load” funds.

I like GGSCX from the Goldman asset allocation funds. 

Anyone here care to post their asset allocation funds (regardless of fund family)?

I have used Accessor in the past.

The asset allocation funds are good bases, but I wouldn't put everything into one (unless you're doing the obligatory Roth for your clueless brother).

They are driven purely by asset class allocation, not fundamentals.  There is very little "stock picking" going on.  It is almost like a basket of index funds (but against an asset class, not an index).  So you are relying on the accuracy of the models (yes, GS is very good at this).

But, it is a different approach than most funds, so it acts as a bit of a hedge against some of your other funds or ind stocks.

[quote=Broker24]

The asset allocation funds are good bases, but I wouldn’t put everything into one (unless you’re doing the obligatory Roth for your clueless brother).

They are driven purely by asset class allocation, not fundamentals.  There is very little "stock picking" going on.  It is almost like a basket of index funds (but against an asset class, not an index).  So you are relying on the accuracy of the models (yes, GS is very good at this).

But, it is a different approach than most funds, so it acts as a bit of a hedge against some of your other funds or ind stocks.

I have been very happy with the GS Asset Allocation strategies.  I have used the Growth fund and the Equity Allocation (used to be called Aggressive Growth) fund for about 3 years now.  Both of these now have over 5-year track records. One ticket drop, and a couple of my more "informed" clients were impressed with the Goldman name, which made it that much easier to sell.

Unless I feel it's at least somewhat "balanced," I would never put all of a client's money into just one fund.  I'm a big fan of allocation funds.  The only problem is that most are so new, it's hard to get a handle on them.

[quote=joedabrkr] [quote=Broker24]

The asset allocation funds are good bases, but I wouldn't put everything into one (unless you're doing the obligatory Roth for your clueless brother).

They are driven purely by asset class allocation, not fundamentals.  There is very little "stock picking" going on.  It is almost like a basket of index funds (but against an asset class, not an index).  So you are relying on the accuracy of the models (yes, GS is very good at this).

But, it is a different approach than most funds, so it acts as a bit of a hedge against some of your other funds or ind stocks.

[/quote]

ummmmm....excuse me for interrupting your obvious expertise, but aren't most of the underlying funds ACTIVELY managed?  Based upon FUNDAMENTALS?
[/quote]

[quote=Broker24]

The asset allocation funds are good bases, but I wouldn't put everything into one (unless you're doing the obligatory Roth for your clueless brother).

They are driven purely by asset class allocation, not fundamentals.  There is very little "stock picking" going on.  It is almost like a basket of index funds (but against an asset class, not an index).  So you are relying on the accuracy of the models (yes, GS is very good at this).

But, it is a different approach than most funds, so it acts as a bit of a hedge against some of your other funds or ind stocks.

[/quote]

With the GS funds, the underlying funds are actively managed, and they also use the GS qualitative team (I think I know what I'm talking about? maybe not)  Let's say A TEAM FROM GS actually provides the info for manager Cathcart to tactically allocate quarterly, from my understanding.  I've been reading their quarterly recommendations that they send out, and they've been making very smart  and specific bets to get in front of the markets, IMO.