Does the government have a role to play in the regulation of investment fees?
We know that they are involved with credit card charges, mortgage fees and so on. But what about charges such as those in mutual funds?
I have never recommended the use of money managers because most do little for what they are paid. I mostly recommend index-related funds. I have explained why in detail many times elsewhere.
Yes: Cost of managing one’s investments is the best standard and the most decisive characteristic for the selection of any investment decision.
Nevertheless, who is to say what is too high? Especially when government gets into the act.
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