Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "1% fee for investment management?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]Roll it to Vanguard. 1% of $8,000 is $80 a year. That's not much. But if I were paying 1% management fees, that would be the equivalent of buying my advisor a brand new car every 12 months. I certainly don't buy MYSELF a new car every year, I'm not going to do the same for someone who can't beat an index fund, anyway. I'm not saying that to brag, just to get you to think about where you want to be some day. If you figure that an average annual return on your investments might be 6%, then giving away 1% of assets means that you're paying an advisor 17% of your gains every single year. That's huge, and unnecessary these days. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
