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clambo
@
2021 Mar 20, 7:52am
No, no, no, no Merrill Lynch!!
Merrill went bankrupt in 2008 for its own stupidity and Paulson forced B of A to take it as a condition of bailing out bankrupt B of A.
Stop talking to him and anyone else that is at Merrill or Morgan Stanley, etc.
Run to a Fidelity store or go online to get your shit transferred.
1. Mutual funds are the essence of investing.
2. Vanguard, T. Rowe Price, Fidelity, Primecap Odyssey have anything you need.
3. See the fund expense ratio, they’re 0.65% for Primecap, 0.25% or less at Vanguard, some index funds are 0% “Fidelity Zero”
4. I prefer actively managed funds in a retirement account, but it really doesn’t matter much.
What’s 1% of 1/2 million bucks? You want to throw away 5 grand per year of your future, so a guy calls you a couple of times per year to say “things are going okay”?
Merrill went bankrupt in 2008 for its own stupidity and Paulson forced B of A to take it as a condition of bailing out bankrupt B of A.
Stop talking to him and anyone else that is at Merrill or Morgan Stanley, etc.
Run to a Fidelity store or go online to get your shit transferred.
1. Mutual funds are the essence of investing.
2. Vanguard, T. Rowe Price, Fidelity, Primecap Odyssey have anything you need.
3. See the fund expense ratio, they’re 0.65% for Primecap, 0.25% or less at Vanguard, some index funds are 0% “Fidelity Zero”
4. I prefer actively managed funds in a retirement account, but it really doesn’t matter much.
What’s 1% of 1/2 million bucks? You want to throw away 5 grand per year of your future, so a guy calls you a couple of times per year to say “things are going okay”?
Comments 1 - 1 of 11 Next » Last » Search these comments
The 1.5% is the management fee for a mutual fund and covers all trades for the year. I do not make the trades, the managers of the fund do.