Comments on: Day 6 – Investing in Mutual Funds http://allfinancialmatters.com/2006/02/07/day-6-investing-in-mutual-funds/ A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance. Fri, 20 Nov 2009 19:56:44 -0800 http://wordpress.org/?v=abc hourly 1 By: Nu http://allfinancialmatters.com/2006/02/07/day-6-investing-in-mutual-funds/comment-page-1/#comment-67908 Nu Sun, 28 Jan 2007 21:51:29 +0000 http://www.allthingsfinancialblog.com/?p=368#comment-67908 The two most important points here are (of course) don't use a broker, and (from the MyMoneyBlog link) use a widely diversified portfolio of no-load <b>Indexed</b> mutual funds. The two most important points here are (of course) don’t use a broker, and (from the MyMoneyBlog link) use a widely diversified portfolio of no-load Indexed mutual funds.

]]> By: gm http://allfinancialmatters.com/2006/02/07/day-6-investing-in-mutual-funds/comment-page-1/#comment-16563 gm Wed, 26 Jul 2006 21:12:17 +0000 http://www.allthingsfinancialblog.com/?p=368#comment-16563 I agree with t on this one. Run, don't walk, out of your broker's office if they try to push you into a load fund. Your broker is not acting in your best interest when they put clients into loaded funds with high expense ratios. The $5000 in your example seems small now, kind of, but over time that money paid to the broker will add up to big bucks. BTW, I know I am late to the party on this but great work here on the 24 day marathon. I agree with t on this one. Run, don’t walk, out of your broker’s office if they try to push you into a load fund. Your broker is not acting in your best interest when they put clients into loaded funds with high expense ratios. The $5000 in your example seems small now, kind of, but over time that money paid to the broker will add up to big bucks.

BTW, I know I am late to the party on this but great work here on the 24 day marathon.

]]> By: JLP http://allfinancialmatters.com/2006/02/07/day-6-investing-in-mutual-funds/comment-page-1/#comment-7229 JLP Thu, 15 Jun 2006 16:40:12 +0000 http://www.allthingsfinancialblog.com/?p=368#comment-7229 Joe, Thanks for the comment. I meant to take down Maria's comment but forgot about it. Joe,

Thanks for the comment. I meant to take down Maria’s comment but forgot about it.

]]> By: Joe http://allfinancialmatters.com/2006/02/07/day-6-investing-in-mutual-funds/comment-page-1/#comment-7228 Joe Thu, 15 Jun 2006 16:38:14 +0000 http://www.allthingsfinancialblog.com/?p=368#comment-7228 'Maria', what a shameless, unmoral plug. ‘Maria’, what a shameless, unmoral plug.

]]> By: t http://allfinancialmatters.com/2006/02/07/day-6-investing-in-mutual-funds/comment-page-1/#comment-1585 t Tue, 07 Feb 2006 23:54:18 +0000 http://www.allthingsfinancialblog.com/?p=368#comment-1585 Your recommendation should be that no one ever buy anything but a no-load mutual fund, unless its i a retirement plan and they have no other choices. If your broker recommends a load fund you should fire him. In addition, avoid no-load funds with expense ratios (management fees) higher than 0.75% (3/4 of 1 %). Higher is a rip-off, as are load funds. I'll save the pitch for low cost index funds for another day. Your recommendation should be that no one ever buy anything but a no-load mutual fund, unless its i a retirement plan and they have no other choices. If your broker recommends a load fund you should fire him. In addition, avoid no-load funds with expense ratios (management fees) higher than 0.75% (3/4 of 1 %). Higher is a rip-off, as are load funds. I’ll save the pitch for low cost index funds for another day.

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