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re: Brand new to Stock Market
Posted on 1/21/16 at 12:02 pm to jimbeam
Posted on 1/21/16 at 12:02 pm to jimbeam
quote:
That mutual fund has a front load, expense ratio(albeit a fair one considering it's an active managed fund) and then likely some kind of management fee to the advisor each year.
yep. Edward Jones does this. They MIGHT give you a discount on the front end load but you still have high expense ratios for funds and they hit you with a annual fee pertaining to your IRA. yes indeed. Been there done that.
1
Posted on 1/21/16 at 12:40 pm to Fat Bastard
quote:
They MIGHT give you a discount on the front end load
They have no control over the loads. The loads are set by the fund company. The only discounts you can get are breakpoints that all investors get.
quote:
they hit you with a annual fee pertaining to your IRA
Most brokerage firms do this. It is an annual custodial fee.
And no, I don't work for Jones I have just been in the business for a long time.
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