Personal Finance and Investing

Common Sense Party

(14,139 posts)

6. Ostensibly, the 5% you're paying is for the broker's help.

Mon Jul 16, 2012, 10:35 AM

Jul 2012

If the broker is going to help you now and in the future--help you decide what mix of funds makes sense for you, help you make decisions about withdrawals and taxation and future asset allocation--then the 5% is a bargain. I'd much rather pay 5% now and avoid making a mistake that could cost me 10% or 20% or even 50% later.

However, if the broker is going to collect the 5% and you'll never see or hear from him again...

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Is it a mistake to pay 5+ percent of the [View all] roody Jul 2012 OP

Going in? Annually? elleng Jul 2012 #1

just going in roody Jul 2012 #3

If you are talking about "A" shares.... A HERETIC I AM Jul 2012 #2

Thank you. I just wanted to roody Jul 2012 #4

"If you pay no fees at all and get crappy returns, what have you got?" lastlib Feb 2013 #15

I wouldn't do it. n/t OllieLotte Jul 2012 #5

Ostensibly, the 5% you're paying is for the broker's help. Common Sense Party Jul 2012 #6

Thanks. roody Jul 2012 #7

Absolutely correct. N/T A HERETIC I AM Jul 2012 #8

Yes ! Billy Patterson Aug 2012 #9

Care to back that assertion up with facts? A HERETIC I AM Aug 2012 #10

I think Billy went with Elvis and done left the building. Common Sense Party Aug 2012 #11

Yeah. Noticed that shortly after I posted. n/t A HERETIC I AM Aug 2012 #12

Yes--if you pay 5% up front.... lastlib Oct 2012 #13

Thanks. roody Oct 2012 #14