kannon
Recycles dryer sheets
Morning All -
Had visit with Financial Planner other day - free seminar - I try to pick up information.
I am still leaning towards doing my own "active" management using what I have learned on here, including using low cost Vanguard funds.
In the seminar the planner mentioned that you can't just go by the prospectus expense ratio. You need to include also the other "hidden" fees - management, admin, ... His focus was when you include those fees they are not much different than his charge of 1.4%.
So my question is how do I compare apples to apples??
Do I include the expense ratio and other fees identified in the prospectus against his 1.4%? Does his 1.4% include all of the mutual funds fees or are they on top of them (i.e., 1.4% plus expense ratio + ...)?
For our FIRE we are looking to need about a net 4% long term growth on our investments. Having high expenses can really put strain on fund performance.
Thanks
Kannon
Had visit with Financial Planner other day - free seminar - I try to pick up information.
I am still leaning towards doing my own "active" management using what I have learned on here, including using low cost Vanguard funds.
In the seminar the planner mentioned that you can't just go by the prospectus expense ratio. You need to include also the other "hidden" fees - management, admin, ... His focus was when you include those fees they are not much different than his charge of 1.4%.
So my question is how do I compare apples to apples??
Do I include the expense ratio and other fees identified in the prospectus against his 1.4%? Does his 1.4% include all of the mutual funds fees or are they on top of them (i.e., 1.4% plus expense ratio + ...)?
For our FIRE we are looking to need about a net 4% long term growth on our investments. Having high expenses can really put strain on fund performance.
Thanks
Kannon
Last edited: