Comments on: BVC #23: Your Mutual Fund May Be Ripping You Off

By: Trevor @ Financial Nut

Trevor @ Financial Nut — Mon, 17 Jan 2011 07:00:32 +0000

Good video. Bottom line: you have to be careful before investing in certain mutual funds/index funds.

By: FlyFisher

FlyFisher — Tue, 21 Sep 2010 04:07:47 +0000

Sneaky sneaky fees. With big $ that can add up quick.

By: Shirley

Shirley — Fri, 04 Dec 2009 16:47:21 +0000

Oops… count me in that category, but I’m learning now!

By: CK

CK — Thu, 03 Dec 2009 18:07:09 +0000

props for the ass hat.

By: saladdin

saladdin — Thu, 03 Dec 2009 11:05:35 +0000

That’s how I got started. Didn’t have a lot of money and with Price if you do their automatic draft for $50 you can start, no need to wait.

saladdin

By: Bill

Bill — Thu, 03 Dec 2009 04:05:53 +0000

RYDEX is not a trade able symbol and if you used an aggregate feed that averaged the fees of the company’s etf’s, you missed the fact that trading on non us markets cost a lot more.

By: daenyll

daenyll — Thu, 03 Dec 2009 00:52:00 +0000

I currently have a T. Rowe Price target date fund, it’s done fairly well even with the crappy markets and was great with the low startup minimums. I’m only 24 and haven’t had a chance to put much away, nor pay much attention to it, due to grad school but it’s a start. And they seemed to have low fees for the target date funds.

By: saladdin

saladdin — Wed, 02 Dec 2009 23:14:13 +0000

2% for an index fund should be illegal. That’s ass hat crazy.

saladdin

By: saladdin

saladdin — Wed, 02 Dec 2009 23:12:27 +0000

It’s their initial investment amount that gets most average folks who are starting out. I can only recall one of their funds that require less then 3k to start. That’s why TR Price is nice for starting investors.

saladdin

By: aua868s

aua868s — Wed, 02 Dec 2009 23:02:10 +0000

i have been a vanguard fan all through…got to look into fidelity now, especially that they manage my new workplace’s 401k

By: eric

eric — Wed, 02 Dec 2009 19:43:23 +0000

It’s one of those very important fees to keep track of but a lot of people have no clue about it.

By: Mike Piper

Mike Piper — Wed, 02 Dec 2009 19:23:24 +0000

I'm a diehard index fund (or ETF) fan. Regarding that 2% expense ratio on the S&P fund: I just wrote today about how 2% in annual investment expenses could literally double the amount you need saved in order to retire. Yikes!

By: Ralph

Ralph — Wed, 02 Dec 2009 19:03:35 +0000

Excellent information. I have even left the index mutual funds for the even less expensive index exchange traded funds (mostly Vanguard’s ETFs) This coupled with a very conservative economy/market timing strategy has worked well. Have others looked at this strategy?

By: Chris

Chris — Wed, 02 Dec 2009 17:58:24 +0000

Beware of recommended funds sold to you by CFP’s as many of these often come with hefty load fees.

By: jsbrendog

jsbrendog — Wed, 02 Dec 2009 17:31:58 +0000

vanguard. oh howi wish my company’s crummy 401(k) was held there and/or had good funds. sigh.