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To me 1.5% is INSANE for most portfolios.
Let's think about that in terms of your ROI. If you are getting 10%, they are taking 15% of your gains every year. If you are seeing 6% ROI, they are taking 25% of your gains. If you see 1.5% ROI (where a chunk of my portfolio is YTD) they are taking EVERY PENNY of your gains. And they get paid in down years too....
I look closely at loads and expense ratios. Sometimes loads are worth paying. Sometimes a funds performance is high enough to justify a high expense ratio. But even my top performing funds don't have expense ratios approaching 1.5%
-shooter
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Common Core Math Time
1,000,000 x 5% return = 1,050,000
1,000,000 x 1% mgmt fee = $10,000
1,000,000 - $10,000 fee = $990,000
$990,000 x 5% return = $49,500
$49,500 / 1,000,000 = 4.95% return