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Totally agree. I don't even see the point in funds any more.
You can either index yourself(almost globally index yourself) or play entire sectors if you want more risk, cheaper. Or pay more and have some money manager blow most your profits. |
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You got it Darth - there's just too much that works against you with funds and having sold them myself, I've seen the mess they can create:
> High fees - fees you see and fees you don't.
> Conflicts of interest - often, the brokerage firm and brokers are given incentives to sell certain funds.
> If you are lucky, the manager will come close to what the underlying index he is competing against did.
In other words, you pay more in fees hoping your broker is not selling you a fund b/c it's the fund of the month and then hope your broker found the small handful of funds that will actually beat the market after all the fees.
Good luck.
Signed,
A Repenting Broker
