PapaBear67
Dryer sheet wannabe
- Joined
- Apr 11, 2016
- Messages
- 22
I'm interested in varying viewpoints on this question....
How much do expense ratios and 12b-1 fees drive your mutual fund decision making?
I have done some math as I am looking to move from my 0.9% private advisor. One of the things I do get by using him is that I can get advisor class or F class shares. These typically have lower overall expense ratios and no 12b-1 fees associated with them. The math says that with the same portfolio I have today, moving from my current guy to Fidelity of Schwab would cause me to have to buy the more common class of shares, and I would pay an additional $1500 in mutual fund fees annually. Still less than I pay my guy now, and I am sure I will be able to find similar funds with lower fees. But how much influence do you let the low expense ratio have ?
Thanks for great banter and insight. Fire away !
PB
How much do expense ratios and 12b-1 fees drive your mutual fund decision making?
I have done some math as I am looking to move from my 0.9% private advisor. One of the things I do get by using him is that I can get advisor class or F class shares. These typically have lower overall expense ratios and no 12b-1 fees associated with them. The math says that with the same portfolio I have today, moving from my current guy to Fidelity of Schwab would cause me to have to buy the more common class of shares, and I would pay an additional $1500 in mutual fund fees annually. Still less than I pay my guy now, and I am sure I will be able to find similar funds with lower fees. But how much influence do you let the low expense ratio have ?
Thanks for great banter and insight. Fire away !
PB