What Should I Know When Buying Mutual Funds?
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- Опубликовано: 14 сен 2016
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Make sure to hit the subscribe button and thanks for watching! ruclips.net/user/DaveRamseyShow
Pretty cool vid! Once my finals are over I'll be checking out your channel more since I subscribed just now.
+The Dave Ramsey Show
Winner of a video, I been tryin to find out about "duplex investment tips" for a while now, and I think this has helped. Have you heard people talk about - Rondalyn Coinage Carnalite - (should be on google have a look ) ? Ive heard some super things about it and my mate got great results with it.
Can you make mutual investments through your bank
What’s the minimum balance for investing on mutual fund in fidelity for beginners please
Dave is PNC BANK a good bank to bank to bank with and would you reccommend PNC BANK????
Investing in mutual funds offers a structured and diversified approach to building wealth, managed by professional fund managers. While there are costs and some limitations, the benefits of diversification, professional management, and ease of access make mutual funds a popular choice for achieving a variety of financial goals.
ADBE, VWINX and FSPGX are all still good buy, but what do I know I’m not a financial advisor lol
Exactly, I used to doubt the value of a financial advisor until my wife's company assigned her an investment adviser in 2020. Honestly, it’s been the best financial decision I’ve made. It helped tremendously; I went from barely making any profit to having a well-diversified portfolio that has grown significantly, with gains exceeding $850k.
Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.
I work with Sharon Lee Peoples as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
@BrendaAskew That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@BrendaAskew I will give this a look, thanks a bunch for sharing.
@@ajaudehprincenwabuezestanl6063 Victoria Carmen Santaella is quite popular on Bloomberg I doubt if there is anyone who is serious about stock trading that doesn't know her. She has helped me quite a few times in growing my portfolio and it was blissful without any setbacks. she is a tough person in an industry that demands clairvoyance...
Might sound like a crazy idea, but if good happy retired life is what you really want, you could try moving to one of those “developing” countries in Asia or Africa. A reasonable country here will offer all the benefits of a developed world with a low cost of living. (And hope all stays good with your health. I guess medical bills are anyway crazy expensive in the US)
I would say consider moving to an area with a low cost of living.
is it really worth investing in stocks in 2024, I’ve been on the sidelines watching the market for awhile and it seems to be pretty stagnant to me not that it matters because I’m in it for the long run, but how can one generate actual profit in this current market?
It may be a good idea to speak with a financial advisor who can help you develop a portfolio based on your individual goals and risk tolerance.
Partnering with a financial advisor has transformed my approach to investing. Their expertise and personalized guidance have not only helped me navigate complex financial markets but also optimized my portfolio to achieve my long-term goals efficiently.
Your advisor seems competent. Could you share how I can reach out to them? I've recently sold some property and am interested in investing in stocks, and I'm seeking guidance.
Jennifer Leigh Hickman is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info
"feel free to interrupt me" Dave doesn't let anyone interrupt him lol
True 😊
U have the best profile pic of all time
Reasonable doubt 🔥
Best thing for this guy is to shut up and listen 👂
😂😂😂😂😂😂😂
whos here in 2020 in covid19 stock market crash and trying to get their finance degree off youtube and start making some stacks?
Iz Cozmic 😭😭😂😂👋
hahahah yup
o shoot that's me lol time to get this 💵💵
👋🏾👋🏾
This is the first "who's here" comment that I don't find obnoxious lol
Omg Ramsay GREAT 👍 info super easy to understand and I don’t even speak English well but I did understand it thank YOU
Mr. Dave, you deliver Value. Thank you!! I finally paid of my car and saved up $2000 and am ready to put it on mutual funds and also learning the ins and outs in Funance101 class on line.But I turn your you tube channel to understand it well if I don’t understand my text book. You break it down really well and clear my confusion.
You are a great instructor in Finance. Thanks again for your service Sir! Subscribed!
I'm 21 and I have no idea what they're talking about.
I'm 23 and I know exactly what he's talking about. Just read and watch videos.
I am 36 and I have no clue of what they are talking about either but I am listening and learning
The caller was asking if paying an up-front commission defined as a "load" was a bad thing compared to no load (no upfront commission). Dave explained that 5.75% is not necessarily bad, but you should do the math and compare the total cost of ownership over the anticipated holding period. If you change funds a lot, paying a 5.75% fee every time would not make sense. If you hold a A-share (commission to buy product) Mutual funds for a long time, the total cost of ownership will generally be lower than funds with no upfront commission but a higher management fee (he calls it a "maintenance fee"). Some fee only advisors assert that commission based funds are bad and unethical. They aren't as long as the advisor has shown you the other options including C shares or a managed portfolio. Just don't buy mutual funds and pay a management fee on top of it. That is really expensive.
Broham, I'm 43 staring down the barrel of 44 and making up for lost time....Clueless.
go home and eat tide pods
Dave: You followin’ me??
Caller: ...yeeeeaaaa 👀
Great question Chad, thanks
More great info Dave. Thanks.
Thank you Sir! God bless you. I’m learning bit by bit from your RUclips. Very great full to have a person like you to help us all.
Really helpful, good video!
Thank you Mr. Ramsey
I agree! The things is the most important aspect is to just do it. Returns and expenses are factors but if we don't do anything then we don't get anything :)
I love the sound advice always good to lisen too
that was not sound advice
I have a fund that I paid up front on and also pay a maintenance fee too. Edward Jones. Hartford funds.
That was actually really useful! Thanks Dave & Chad!
I need to be on this show. My “situation” is completely different and I cannot find a similar pod cast. Recovery after the oil and gas debacle and my father’s Alzheimer’s. Poor decision making with age etc.
Where can I learn more on the subject?
thanks to dave, and my dad raising me with the dave ramsey show on the radio i was taught never to even look into credit.
cash is everything. i’m only 20 years old but i have no debt, no student loans, my truck is bought and paid for, so is my street bike. currently renting an apartment close to work and investing 12% of my monthly income spread across 3 mutual funds. i do lawn care so i don’t have a 401k or anything like that to prepare me for retirement so i’ve been extremely fortunate to have access to my dad, and dave ramsey and my man josh i got from smartvestors.
i’m looking forward to the future man
How is everything going?
great question !!!
Invest in low-cost Index funds and stay the course. A good total market or S&P 500 Index fund + a good bond fund for your appropriate risk level is all you need, both with low fees. Vanguard comes to mind first. I like Dave's preaching about staying OUT of debt, because in general... Debt is bad. But if you're really interested in learning about the market and how it works, there's no shortage of amazing books out there that will help guide you on your journey to become wealthy. Dave Ramsey preaches a great message, but he's no Bogle or Buffett when it comes to the stock market...
Bonez1999 What books do you recommend? Top 5.
The Bogleheads Guide to Investing, The Simple Path to Wealth, A Random Walk Down Wall Street, The Millionaire Next Door, the Four Pillars of Investing.
Bonez1999 When I do invest, let's say an index funds. Where do I go? Is it something I can do on my own or do I need like an advisor?
You do NOT need an advisor. You just need to be educated. Educate yourself on investing and you will never need an advisor. You can invest on your own, look into Vanguard or Fidelity, all you need is some money to initially put down and using your new-found education invest in low cost index funds appropriate to your risk level and time horizon.
any examples of low-cost index funds? Any examples of good total market or S&P 500 Index fund and a good bond fund?
Dave god bless you. The world needs you
Dave. I listen to you on the radio every day. I've read all or most of your books. I heard you repeatedly say "Good Growth stock mutual funds can and will usually beat the Market or index it tracks" but I've never heard you name any of these funds. I appreciate everything you do sir. Me and my family have been blessed through your teachings for years now. Could you name some of these great growth funds you speak of? Thank you Dave. Your a blessing. Gable
The SEC doesn’t allow unregistered persons to offer investment advice on specific securities and get paid for it, and because RUclips or whatever pays Dave for these videos he would be breaking the law, so keep that in mind.
@@Ali-ws6mu Couldn't he just say: These are the funds I personally invest in, I am not recommending this funds for you to invest in
I've been looking for this answer as well
Because they don’t exist
Index funds will beat them all over your investment life
Look up the growth fund of America by capital group and it’s after fee returns compared to s&p 500
I get the impression the guy was lost throughout all of this minus basically get an advisor lol
"yeeaaaahhhh!"
Oookkkkkaayyyyy
🤣💀🤣💀🤣
The man was lost. He wasnt the only one.
@@croweziec I had to exit out the video becuase I wasnt understanding nothing either.
Thank you 🙏 Dave for these videos. God Bless
Thank You!
So helpful! Thank you. Could you make a video going into more detail about A, B, and C type mutual funds?
Buy an SP500 index fund instead. Lots of research showing that they outperform mutual funds.
Ahhhh. Vanguard charges .09 of a percent per year. Stupid to pay anything more!!!
Schwab charges even less, and you can start with $1.00, not $2,000 or $2,500 with Vanguard.
VOO .03%
My approach with mutual funds was having no less than the number of players starting a basketball team and not more than players on a baseball field. Then choose funds that cover large cap, small cap etc.
This is great information. 👍
Dave is great until you are out of debt and have enough money to invest. Then stop listening to him. The index funds have commissions at .1%-.3% and no up front commissions. Under no scenario would a 5.75% load fund beat that. On top of that, there's so much evidence that index funds are the much better way to invest than actively managed funds over the long run. Lots of research.
my fellow boglehead.
Another Boglehead here.
Adam P you are absolutely right. Dave's investing strategies and information are antiquated and mostly incorrect
I'd like a thumbs up button that registers 1000 thumbs up, for a great & true comment like yours.
Use ETFs
There is also closed ended mutual funds that are bought and sold like stock on the exchanges. Things like ticker tape symb: SPY, an index fund that mimics the s&p 500 large cap companies which is actively traded like stock. If you buy into these with Schwab there is also no commission to buy or sell. If you are trading in an IRA account, then you can take profits regularly and pay no capital gains.
Dave is a marketing king he slides it in 1% is good to pay for managing you don’t need managing manage yourself instead of paying someone
That’s really good advice.. for some people
Another way they get you is no load up front but a percent when you want out. Then, you pay it on principal and growth.
Dave keep doing what you're doing! I'm learning a lot from your channel. God bless!
i am learning that forget mutual and do index..because of fees.
and the BIGGER reason is that index funds usually perform better than the actively managed funds. Remember that studies have been done that show chickens (yes, feathered animals) do better picking stocks than the average human professional broker.
Your smart! High✋️!
These calls are the best, teaching calls
I wish he'd do more of these videos. The ignorance around investing is great
I repositioned some of my dividend stocks using a broker. Now, I’m buying shares of TSLA, AMZN , AT&T, NVR again. I’m after dividends for passive income but it’s slow growth so now I’ll take my chances on growth stocks like SHLL, WKHS, PLNHF 1 From March I've been able to make a little above $400k.. I’m slowly buying fractional shares of BRK-A again...., I made other few rather modest investments in individual companies.... I'll keep stacking TSLA stocks..
Great picks! katelyn, I'm happy to hear you talk about some of the positions I have in my portfolio
I honestly find this difficult..I watch a few videos and follow then make a few picks and then the market has a different result on those picks and I get losses
@@serenewhopperman2924 always expect rises and falls Natalie, most either on short or long term basis ..Stócks are being sold at great discounts so buy as much as you can and wait for the rebound.I myself made a few rather modest investments in individual companies though I use a full service broker , if you're in need her name is “Lucy Maria Koss" she's quite known ,you can search and connect with her on her website
@@harleycartley3138 much appreciated
Looking like a genius right about now. Well done sir.
Loaded funds also carry maintenance fees. 5.75+1.00 > 1.00
🤚 Question. At 6:26 Dave talks about how the fund with a commission up front might not be a good option if you want to move things around. But wasn't the fee just for the initial buy in? Also, what is stoping people from putting in the minimum amount (let's just say 3000), paying the 5 3/4% on it (561.8$) and then the next day putting the rest of you investment money? Thanks for the help!
I need to take some mutual funds classes to learn all this.
Prefer low cost ETFs (exchanged traded funds), lower cost.
John Galt Dough Kevin O’Leary is a hack
Thank you.
Not all mutual funds have maintenance fees. Fidelity Zero funds have non and no sales or redemption fees..
5.75% is the MAXIMUM load. Every company I know of gives breakpoint discounts. For example, a total household balance of $25K with American Funds "A" shares pays a load of 5.00%, whereas a household balance of $250K pays a load of 2.50%. The annual expense ratio is the same for either breakpoint.
"C" shares don't have an up-front load, but have a higher expense ratio, so will cost more over time compared to their "A" share counterparts.
You are correct. In November 2019 we paid 2% load (one-time in-processing fee) for American Funds “Class A” shares. Each of the four funds selected has a specific group of Fund Managers who research start up and existing companies to determine those deemed the best, most likely to be successful within their sector. Managed funds such as these typically produce higher returns than the S&P 500. Some days they don’t, but over months/years I’ve seen a greater return. At this point, peace of mind and results are evident. Market swings up and down are normal. Be well.
the maintenance fee on VOO is .04% lol thats 4 bucks on 10 grand
It's hard to do any better than that. I am a Vanguard customer myself and have been happy with their funds especially the low fees. I hate the idea of paying high fees charged by the bank/brokerage partnerships.
It’s .03 now
The only real advantage a mutual fund will have over an ETF is dollar cost averaging which is great in a 401(k) plan. The downside are the numerous fees associated with the funds. Those fees will add up quickly. There are better alternatives in a IRA account along with more choices. Some stocks will pay monthly dividends and there are high quality dividend paying stocks. There are no fees associated with stocks including commissions in a self directed account.
I have a suspicion that Dave's financial advising business sells load mutual funds. I think load funds charge the up-front sales fee, plus an annual maintenance fee.
You are free to use whomever you like! But are they going to sit hours in front of you and explain stuff like Dave?
Yeah...
Good luck in investing if you're paying a 5.75% front-end load. Way better to buy index funds that beat 85-90% of professional investors in the long run.
A lot of these mutual funds have other various hidden fees. You can find them if you want to look through the 50 plus pages. Index funds are a much better way to go.
You should always research and compare different funds throughout the years. I have found funds similar to what Dave is talking about. It takes time and research to find such funds but they do exist. However, if you continue to invest in index funds you are still making sound investments choices and will make significant gains over time.
Dave's investment advice is not for me. I rather listen to John Bogle and Warren Buffett.
You should always research and compare different funds throughout the years. I have found funds similar to what Dave is talking about; Funds that outperform index funds, after accounting for expenses. It takes time and research to find such funds but they do exist. However, if you continue to invest in index funds you are still making sound investments choices and will make significant gains over time.
You read my mind.
Why are you listening then?
I was recently widowed I'm 60 and just learning about $. I'm using the life insurance to pay off my debt (baby steps 2) put six months expenses in a mutual fund and thats what scares me. I don't understand a lot of what they are talking about. I need a financial advisor I think.
yup
How do I find a good broker; do you recommend any?
Which online brokers would you recommend for mutual funds investing for beginners??
What’s Dave I’m ready to invest. What do you recommend?
The kid is young and a beginner - he should’ve been pushed towards index funds (S&P 500) and told to hold the investment.
I’d recommend vanguard VFIAX or VOO (etf)
Yelp and collect those Dividends 🤑🤑🤑🤑🤑
I'm really new to investing, dont have a 401k or IRA... retired disabled vet. Where would I start to get these things set up if you dont mind me asking?
Bigggggggggggggg Thanks for this info
Im interested but im lost 😖
lol some mutual funds charge a fee upfront (sales load), some charge one on the exit (withdrawal fee/penalty) but they all charge an assets under management fee (0.04% of invested funds for example)
For the average investor, most financial advisors are rip offs. The problem with financial advisors is the same problem with mutual funds: the management fee kills any added value. In order for someone managing your money to be worthwhile, they have to be able to routinely beat the average market margin. And to be frank, only a few people in any given year can beat the market odds.
so never invest in mutual funds you're saying?
Would mutual funds just be a more advanced way of investing and index funds a beginners way?
@@joelmatus9442 Not necessarily. The real difference between the two is passive, cheap investing such as index funds and ETFs. they are great for younger investors. I own about 60% of my holdings this way. But a GOOD mutual fund isn't a bad way to go just because fees are higher. I am a 35 year old money manager and I use mutual funds such as MFEGX, FBSOX, OPGIX.
You want a DIVERSIFIED holdings and if you are young you want to buy and hold. if you are older mutual funds may be more attractive because you are looking for protection, more so than growth and that can be trickier to find in ETFs.
read random walk down wall street for an eye opening look into market efficiency and how poorly professional brokers and stock pickers do
"....yeah....."
Best comment on here
Dave is not correct. You will pay a yearly expense ratio ON TOP OF paying for a front-load of 5.75%. So you could pay 5.75% up front, then pay 1% or more every year after that. Far better to stick with simple index funds. There have been a ton of academic studies that show that over time, most actively managed funds don't beat their index. Even Warren Buffett recommends them for the vast majority of investors, as do numerous other prominent investors. Fees and expense ratios do matter and can add up to tens of thousands of dollars over an investor's lifetime. Keep it simple.
Numbskull? Ok. However, it is a fallacy that you would pay a lower expense ratio on a mutual fund with a front-end sales load. Go look up funds from companies such as JP Morgan, Morgan Stanley, Columbia (Ameriprise), etc. They generally have front end funds and expense ratios over 1%.
Unless Jack Bogle, Warren Buffett, David Swenson, Burton Malkiel, etc, etc are all wrong, then I don't think I'm the one who is lost. There is no point in using a lower maintenance fee to prove his point if these lower maintenance fees (on front-end load funds) don't exist in the real world. There is zero reason to buy a fund with a front end load and a high ongoing expense ratio when so many no-load funds with low expense ratios exists. All they do is benefit brokers and salemen (I think Dave referred to them as a "coach" in the video) But in any case, have a nice day and enjoy investing in expensive mutual funds that eat away at your returns. I'll stick with Vanguard. With that, I'm out!
Sorry, English is not my first language but I think he did say what you said...
I agree. The Vanguard Retirement fund I'm invested with has an expense ration of .16%. Pretty hard to beat that!
It's theoretically possible that a load fund would charge a lower expense ratio. But in most cases, their expense ratios are higher than those of no-load funds, too. There are always a few exceptions, but not that many. Just having to pay a load/commission makes load funds not worth it.
Giving anyone 1-5% of your principal to shove your money somewhere is a waste. It's burglary.
Why pay someone 1% to 5% upfront load fee when you can buy for no fee at Vanguard????
Exactly lol
Moonwalker829 I totally agree. That’s what I do. Do you notice that most of the time index funds are not mentioned?!
@@theboxer5 Fidelity also offers load free funds too. I am still not clear on the no expense index fund options. I have seen some ETFs, but they too have some expenses, at least the ones i have looked at so far. Albiet the expenses were much lower than most mutual funds i saw. The ETF fund expenses I saw were approximated on average about .01%. The average mutal fund annual expenses were about .5-1.0%
So - what do you think the “fee” is for someone investing on their own who may not have the expertise and tries to time the market, or moves assets because they can’t emotionally handle the turmoil of the market? I speak from experience - I spent many days in my 20s and 30s studying the market, reading every investing book I could get my hands on, and truly thought I was able to manage my investments myself. All it took was listening to some yahoo on CNN Money and allowing others to push my emotional investment buttons when the market was in a downturn. One wrong trade erased most of the growth I had gained over the previous 12 years. I’m here to tell you that a good advisor is worth everything, especially when it comes to planning for market downturns, cash flow in retirement, or just planning ahead and developing a strategy. If that means paying someone A-share loads or an advisory fee to help keep me from making huge mistakes, so be it. It’s money well spent IMO - I just wish I had been paying those fees a long time ago.
How do you feel about option B mutual funds?
So what is the difference with a fund's maintenance fee vs Expense fees?
Why not invest in ETFs that charge a fraction of a percent for an expense ratio?
Yeah
Most fund managers can't beat the Index!
Not all Fidelity funds are no-load.
*Awesome!!!! your potential seems limitless.* I have always been fascinated by investing, but without any knowledge on what’s best to invest in, I find it difficult to begin. *I ask politely, what’s the best sector to invest in?*
I will suggest you get a financial advisor who will help you build strategic plans that will achieve your financial goals in a short period of time. I got help and also built a passive income working with a Financial Planner (Donald Nathan Scott). I’m happy with this decision, as it was the best for my finances.
@@emersonhoffmann2165 I’m very interested and need to start now. If you don't mind how can I get in touch with your financial consultant?
@@mitchellayla6803 I work with an Investment Analyst *(Donald Nathan Scott).* Quickly do an internet research with his full names as mentioned where you can easily get in touch and as well write him.
Glad I stumbled upon this, my wife and I invests with Donald. We knew how to make a living but never had any knowledge of how to grow our money. Thanks to Donald, we are living off our investment and happily retired with a good stream of income.
Scammers. Please delete these comments
Don't let fees stunt your growth
If you just study trend following trading technique you don't need a fund manager
Buy and hold VTI and let Mr. Market work for you 😊😊
I'm not seeing a single comment that agrees with Dave on this vid. Wow. And they are intelligent comments, not trolls.
Brian Kitchens Because most people consider themselves experts with money. No one here is disputing his math though. I believe the research mentioned that it's a good idea to have a financial advisor. I have paid for loaded funds and fee accounts. You really don't feel either when they are assessed. Because your fund is properly diversified and growing. Dave's point has always been, put money in the account!
Fees have a dramatic impact on your compounding. Pay as small a fee as you can.
zviolinking the more money you put in some mutual funds the fees are eliminated all together. Put money in your account.
Bryant Garvin Can you help me with researching that claim?
That’s because literally nothing he says is backed by any empirical evidence aka he is drinking the koolaid or just strait up biased because he is being funded by the mutual fund thieves.
Fees are a huge deal trust me.
So for the 5.75%, can I regularly buy additional shares? Like - invest another $5000 every few months?
I've never liked loaded funds because I'm locked in. I'd rather pay a higher expense ratio, as long as its a 5 star fund and has a great 10 year & long term growth rate.
average maintenance fee in Canada is 3% you guys got it good
Move to the U.S.
So the idea is to get a maintenance fee that’s less than 1%? Forgive me, I’m completely new to this.
I personally have invested on ETFs and a few big company stocks for my Roth IRA. Got a dividend yield of 1.7 and also my maintenance fee is of .04%.
In short, it depends on what you want to do with the money. If you pay a higher fee someone who knows more than you will manage it for you. But if you know a little bit and do your research you can also save money. Just got to be careful with what you invest in and make sure you don't make any sudden changes if the market goes red for a little but.
I know dividend yield is not the best but this fund is not for dividends.
this is not true information about a "maintenance fee". Mutual Funds have expenses. And those are deducted from inside the fund. It is not a charge to the share holder directly. And the expenses are to cover the cost of the money manager and promotional expesnes for the fund and other misc expenses.
So with mutual funds being supervised by a actual person who takes care of what to buy an sell and charging fees. And basically trying to predict the market which is told by warren buffett I believe and alot of other articles and books and other youtube videos. Wouldn't be a smarter idea to just invest in index funds that isn't managed by a person charging fees that matches the market such as the s&p 500? I have a 401k that I started with my employer and they mostly invest in mutual funds and I'm highly considering doing a rollover an investing somewhere else. Any thoughts or inputs?
You should know that long term mutual funds rarely, talking less than 5% over 20 years will beat the market.
Buy and hold cheap index funds, don’t time the market, don’t pay active managers to underperform. Simple, yet not easy.
Love your program Chad.
I live in Honduras, Central America and married to a Texan girl.
I’am a Orthodontist down here.
Can you please make a program on how can we invest not being a US Citizen... I know our revenues aren’t taxed by Uncle Sam.
You need to remember you have followers all over the world through RUclips so I guess I am not the only one in this situation.
PS: Start since the beginning please, like making a Bank Account. 🙏🏼
I wish I’ve known about you in my 20s I’m in my late 30s now trying to catch the wave.
Deje Robi same bro!
He is smart, probably buys a vast majority of no load funds, like the .04% fees charges at Vanguard. I'm sure he buys load funds too, but a very small percentage of his total portfolio.
That would be the smart thing to do depending on the return on investment.
Im not the one with the degree in Finance (yet), but id say you might as well invedt in index funds and get 12% return a year rather than go through the hassle of having someone else manage your account and pay fees
Hey Kobe! Which index fund are you referring to? I am interested to know.
I need more videos like this
Chad: OK!
Use some more people to teach I like this teacher student dynamic
Can we get a virtual mentor for the world show ? Like this but when first caller hangs up another can call in on same topic
Here is what I understand:
No Load -->
$100k*1.2% maint. fee=$1. 2k
$1.2k*10 years = 12k
A shere -->
5.75% initially + maint. Fee.25%/year
$100k*5.75%+.25%*10 years =8,250
B shere -->
$100k*1% maint. fee *10y=$10k
Let's be frank: most actively-managed mutual funds are not near worth the cost. If one does seek a "set-and-forget-it" model (rather than to periodically review and balance her investments, herself), it still would be more cost-effective to elect for a robo-advisement service that employs index-funds or -E.T.F.s.
Fees seem to be very important. Unless it's a low cost index fund, then "fees never prevented anyone from getting rich". Hypocrisy? Or maybe there's a rational explanation.
What's the minimum balance to put in a mutual fund?