Entries Tagged 'Investing' ↓

(part 2 of 3)

This post is about a pit I fell into and stayed in for many years! I overlooked it because fee charts in prospectuses deceive by omission. Not until I attended a financial workshop in 2006 over in San Francisco, did I realize my mistake.

Prospectus fee charts don’t show “a percent of what?”

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(part 1 of 3)

This is the first of three prospectus pitfalls to watch out for.

You may have been thinking of jumping back into the market and buying some mutual funds. You know by now how the value of investments can drop drastically. But you may not know where to find all the mutual fund fees that will also reduce your returns on your investments.

Mutual fund fees are not always found in one place in a prospectus.

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Broke and Broker (part 2)

This week I received a comment pointing out that broker’s commissions have changed a lot since the time of my week at Suze Orman’s Merrill Lynch.

That’s very true! Over the past couple decades financial advisors have switched to charging general advisory fees rather than taking commissions on sales of financial products to customers. Creators of mutual funds also charge fees now instead of using commissions.

But do you know how much those fees will really cost you over time?
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