January 17, 2009 4:06 pm
Use the F.A.C.T. method.
F = Fees. Where have we heard that before? It’s always important, but especially if you’re going into what’s called a “Managed Account” program. In that event, your money will be invested across a number of investment types and classes, and you’ll likely pay your advisor a percentage of [...]
January 12, 2009 11:54 am
F = FEES. Most mutual funds have fees, and most add them up so you can see what you’re paying as an overall percentage of your investment. 1.25% for stocks funds and .50% for fixed income funds are fairly reasonable expense ratios. If the fund you’re interested in has higher ratios than [...]
December 17, 2008 11:29 am
A practical guide to the arcane world of financial mumbo jumbo.
This is a tale about fine print. Beloved by us all as a good cure for insomnia. For me, listening to it works just as well as reading it myself. I particularly enjoy municipal bond radio ads: 60-90 seconds of intense [...]