Comments on: How much does your mutual fund cost? http://www.obliviousinvestor.com/how-much-does-your-mutual-fund-cost/ Investing Blog: The Oblivious Investor Tue, 07 Feb 2012 17:04:11 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Mike http://www.obliviousinvestor.com/how-much-does-your-mutual-fund-cost/comment-page-1/#comment-1321 Mike Wed, 15 Apr 2009 16:40:39 +0000 http://www.obliviousinvestor.com/?p=3312#comment-1321 Miranda: Ouch. Better late than never though. (And as investing mistakes go, that's hardly the worst one a person could make!) SJ: Goodness, I hadn't meant to imply stupidity. Ignorance, yes. (Just the denotation, not any negative connotations.) I really do suspect that most people simply have no idea what they're paying. And even if they did, I suspect most would have no idea how that compares to any other options. And I like the way you put it: Costs stay (mostly) the same. Performance fluctuates. So which should we bet on? :) Miranda: Ouch. Better late than never though. (And as investing mistakes go, that’s hardly the worst one a person could make!)

SJ: Goodness, I hadn’t meant to imply stupidity. Ignorance, yes. (Just the denotation, not any negative connotations.) I really do suspect that most people simply have no idea what they’re paying. And even if they did, I suspect most would have no idea how that compares to any other options.

And I like the way you put it: Costs stay (mostly) the same. Performance fluctuates. So which should we bet on? :)

]]> By: SJ http://www.obliviousinvestor.com/how-much-does-your-mutual-fund-cost/comment-page-1/#comment-1320 SJ Wed, 15 Apr 2009 16:31:38 +0000 http://www.obliviousinvestor.com/?p=3312#comment-1320 Hehe... inelasticity b/c of stupidity/ignorance =D I think the best way to think abt it is that the past performance tells you nothing about the future performance; the only thing that you know for sure is cost (they don't flucuate... that much ...) sooooo is it worth it? Hehe… inelasticity b/c of stupidity/ignorance =D

I think the best way to think abt it is that the past performance tells you nothing about the future performance; the only thing that you know for sure is cost (they don’t flucuate… that much …) sooooo is it worth it?

]]> By: Miranda http://www.obliviousinvestor.com/how-much-does-your-mutual-fund-cost/comment-page-1/#comment-1317 Miranda Wed, 15 Apr 2009 13:36:03 +0000 http://www.obliviousinvestor.com/?p=3312#comment-1317 We had a mutual fund that was charging 2%, because it was managed by "one of the top people in the industry". After I really looked at the fund, and what we were paying (not to mention the slightly below average returns), I switched out and never went back to managed funds. Learning from experience. But an experience that I wish I'd never had. I wasted good money for almost five years on that fund. We had a mutual fund that was charging 2%, because it was managed by “one of the top people in the industry”. After I really looked at the fund, and what we were paying (not to mention the slightly below average returns), I switched out and never went back to managed funds. Learning from experience. But an experience that I wish I’d never had. I wasted good money for almost five years on that fund.

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