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How About a Harry Dent ETF? I’ll Pass.
By JLP | July 6, 2011
How about an EFT based on Harry Dent’s strategy? It’s been around since 2009 but has had poor returns and a 1.5% management fee (not included trading commissions). I think I’ll pass.
Topics: Exchange-Traded Funds, Investing | 1 Comment »
July 6th, 2011 at 7:55 pm
I’ll pass too. With 60% of his fund currently in cash and 40% invested but paying 1.5% on everything basically means you’d be paying 3.75% of the invested amount in fees. And then there are commissions on top of that! I think the energy value gained from burning actual cash might even be more cost effective than this ETF.