Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Interesting rant from fundalarm.com
Old 07-01-2006, 11:22 AM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
mickeyd's Avatar
 
Join Date: Apr 2004
Location: South Texas~29N/98W
Posts: 5,697
Interesting rant from fundalarm.com

Quote:
MFS Massachusetts Investors Trust is seeking an increase in its management fee.....Previously, this fund was able to scrape by on income of $8.7 million per year.....Now the trustees are asking for a 72% increase, which would allow the fund to scrape by on about $15 million per year.....Proxy materials offer the usual excuses for a fee increase, which we have taken the liberty of paraphrasing:


Everyone else is making more money than we are and, besides, the stock market is really complicated, and we need all kinds of people and computers and stuff to keep up with everybody else who's making more money than we are. If we don't get this huge fee increase, we don't know how we can continue delivering returns that almost exactly track the unmanaged Vanguard Index 500 fund


FundAlarm is getting weary: Will shareholders ever learn to say "NO" to this kind of shameless money grab?
Anyone here invested in this MFS beauty? It appears as if you are not even going to be kissed before they screw you doesn't it?
__________________

__________________
Part-Owner of Texas

Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx

In dire need of: faster horses, younger woman, older whiskey, more money.
mickeyd is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Interesting rant from fundalarm.com
Old 07-01-2006, 12:12 PM   #2
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,564
Re: Interesting rant from fundalarm.com

Quote:
Originally Posted by mickeyd
It appears as if you are not even going to be kissed before they screw you doesn't it?
Mickey, I'm pretty sure the statute of limitations has expired. Here's the intro to that quote: "This was the first rant of its kind in FundAlarm, and nothing has changed (from the October 1998 Highlights & Commentary)"
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Interesting Comparison of Online Retirement Calculators (RIMC) mickeyd FIRE and Money 0 11-26-2006 11:44 AM
Working for a Mega Corp sounds interesting, am I nuts? saluki9 Young Dreamers 45 07-03-2006 11:59 AM
Interesting new "loan" site Olav23 FIRE and Money 14 02-07-2006 08:03 PM
Rant: Everyone has their hand out... Jay_Gatsby Other topics 30 11-17-2005 11:28 PM
Rant: Car Prices Jay_Gatsby Other topics 13 11-15-2005 02:57 AM

 

 
All times are GMT -6. The time now is 09:53 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.