Investing 102

[Bucketlist2012]

Originally Posted by GregWeld

Well -- that's the big issue with funds -- it's really so hard to accurately gauge the performance. Most are just mediocre... and when you factor in the 1% fees (many are slightly less and many are more)... that's just money for nothing. You funds - except the one - are decent. But I still would be willing to bet that you can do BETTER on your own.

Ya know -- 1% fee on a 100K IRA account is 1 grand.... after 10 years -- that's 10 grand in someone else's pocket. It's one thing if I'm paying people to MAKE me money - then one could argue that the 1% is money well spent... but when people wake up and after 10 years they're barely ahead... then that fee is beyond stupid! 100 grand - after 10 years - better be 200 grand or something is wrong!

Thanks Greg..

Man, I will have to run some other holdings i have , by you on another day. I really do appreciate your taking the time to give me your opinion.

Yes, most of my buys were in 2008/2009, so I am a happy guy..

Again I kept most of my money out of my 401K and self invested. the hidden fees in a company plan are madness..

On another note, I go by the car shop tomorrow to get pictures underneath before they take it off the lift..Then it is a test drive....WOOT.