Personal Finance and Investing

lastlib

(26,057 posts)

13. Yes--if you pay 5% up front....

Sun Oct 28, 2012, 01:29 PM

Oct 2012

...you have 5% less at the end. Period.

Do some research before you invest, find a good-quality no-load fund that meets your needs. Morningstar.com can help you screen funds based on the criteria you want to use.

A broker/advisor on commission is going to point you toward funds that will pay him to sell them. Unless he's fee-only, he's not helping you. For the most part, you can do everything for yourself that a broker would do for you, and save yourself a a chunk of $$, if you just do a little research. Coming to sites like this and asking knowledgeable people will help also.

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Is it a mistake to pay 5+ percent of the [View all] roody Jul 2012 OP

Going in? Annually? elleng Jul 2012 #1

just going in roody Jul 2012 #3

If you are talking about "A" shares.... A HERETIC I AM Jul 2012 #2

Thank you. I just wanted to roody Jul 2012 #4

"If you pay no fees at all and get crappy returns, what have you got?" lastlib Feb 2013 #15

I wouldn't do it. n/t OllieLotte Jul 2012 #5

Ostensibly, the 5% you're paying is for the broker's help. Common Sense Party Jul 2012 #6

Thanks. roody Jul 2012 #7

Absolutely correct. N/T A HERETIC I AM Jul 2012 #8

Yes ! Billy Patterson Aug 2012 #9

Care to back that assertion up with facts? A HERETIC I AM Aug 2012 #10

I think Billy went with Elvis and done left the building. Common Sense Party Aug 2012 #11

Yeah. Noticed that shortly after I posted. n/t A HERETIC I AM Aug 2012 #12

Yes--if you pay 5% up front.... lastlib Oct 2012 #13

Thanks. roody Oct 2012 #14