Thoughts on Scott Burns....

[d]

oh goody, everyone's favorite topic!

[Art G]

Originally Posted by FinanceDude

Seems pretty straighforward:

I'll use a $250,000 example because a lot of folks on here have at least that much they could invest if they were convinced:

ER cost: 28-48 bp,depending on the portfolios used. I'll use an average of 38bp.

Fee cost: 43 bp on $250,000.

A trade cost of $20-$50 PER fund bought to get started,I will use an average of $30 a trade, because I know I and most other firms can do that.

So, your $250,000 costs $330 to buy the funds, the ER is $950 a year, and the ongoing management fee (wrap fee) is $1075. You paid $2355 to get "started", and ongoing of 81bp forever ($2025) a year.........

And a lot of you are excited about it, even though you have your money in VG at ER ratios of under 30bp?? You guys make me smile............

LOL! Classic!