I have written about the need to keep mutual fund costs low; Cost comparisons are the best method around for determining the best ones to choose.
Aside from seeking low management fees, avoid funds with special classes that charge sales commissions or “loads.” Though apparently small charges, they prove huge when taken into account over the years.
Some are imposed, or not, when advisers are involved. But I am completely against the use of advisers for most investors as their costs eventually prove higher than clients realize. (See the Earl J Weinreb NewsHole® comments.)
No comments:
Post a Comment