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Sticker Shock: Your Investment Fees Are More Than You Think
Of course, you're right, Ted; but it is fun to chase the dream of the manager who reliably beats the market. If my grandchild arrives mentally and physically intact, her/his welcoming gift goes into index funds, probably slanted globally with a value tilt. I have a few months to decide on 529/Cloverdell choices. I'm giving up on proprietary funds for my donations to my children's IRAs, although I may have to set up self-directed IRAs at the most co-operative platform. I'm assuming stock funds are most likely to provide the best 30 yr returns, so my major decision is the US vs global allotment. (Suggestions welcome). They will have to decide when/if to diversify into bonds, but I'll be dead or demented by that time (genes rule).
I do appreciate the stock suggestions of the MFO contributors. Hope CSX works out (seems reasonable). GRCLF isn't doing so hot, but I trust ADM's judgment, and Scott recommended it, so time will tell.
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If my grandchild arrives mentally and physically intact, her/his welcoming gift goes into index funds, probably slanted globally with a value tilt. I have a few months to decide on 529/Cloverdell choices.
I'm giving up on proprietary funds for my donations to my children's IRAs, although I may have to set up self-directed IRAs at the most co-operative platform. I'm assuming stock funds are most likely to provide the best 30 yr returns, so my major decision is the US vs global allotment. (Suggestions welcome). They will have to decide when/if to diversify into bonds, but I'll be dead or demented by that time (genes rule).
I do appreciate the stock suggestions of the MFO contributors. Hope CSX works out (seems reasonable). GRCLF isn't doing so hot, but I trust ADM's judgment, and Scott recommended it, so time will tell.