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re: High fees for Mutual funds
Posted on 2/28/11 at 5:24 pm to Tiger JJ
Posted on 2/28/11 at 5:24 pm to Tiger JJ
Yes, but the author assumes the fund buys at the ask high point and then sells at the bid low point, it does not make sense and is sensationalized to try to make a point for the story. I did indicate that it would be closer to the midpoint in both transactions assuming a normally functioning market, not distressed situation.
1
Posted on 2/28/11 at 5:40 pm to tirebiter
quote:
Yes, but the author assumes the fund buys at the ask high point and then sells at the bid low point, it does not make sense and is sensationalized to try to make a point for the story. I did indicate that it would be closer to the midpoint in both transactions assuming a normally functioning market, not distressed situation.
Oh, I thought you were saying it would be more favorable on the exit.
I think his point is more apropos to private investors who use "low fee" discount brokerages. Sure, a lot of times the fees are low...but the spread they pay more than eats up the difference.
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