tag:blogger.com,1999:blog-5465015914589377788.post6233130762939464..comments2024-03-20T09:32:16.592-04:00Comments on Michael James on Money: Hidden Mutual Fund Fees?Michael Jameshttp://www.blogger.com/profile/10362529610470788243noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5465015914589377788.post-38689045049892775122009-10-19T17:22:54.024-04:002009-10-19T17:22:54.024-04:00Patrick: The only fund statements I ever received ...Patrick: The only fund statements I ever received that showed fees explicitly were for company savings plans where an insurance company took an extra fee on top of the MERs of the funds. The MERs weren't shown, but the extra insurance company percentage was shown, sort of. This fee was extracted as a number of units rather than dollars, and appeared on a page with a blur of other confusing numbers. I was determined to figure all this out, but I doubt that many other employees bothered.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-90223605079108079492009-10-19T14:40:14.407-04:002009-10-19T14:40:14.407-04:00I just looked at my statements. They do include a...I just looked at my statements. They do include an item for fees, but now that I look at it, it seems to be less than half of what I thought it should be. I wonder if they consider "fees" do be only one part of the "MER".Patrickhttps://www.blogger.com/profile/16816252455472704262noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-28702362005877427662009-10-18T14:31:14.456-04:002009-10-18T14:31:14.456-04:00I wonder about the state of the mutual fund indust...I wonder about the state of the mutual fund industry. Mainstream magazines now trumpet the efficiency of ETFs. When I started investing back in the 90s, most people were willing to pay 2.5-3.5% for returns of 20% per year.<br /><br />I don't expect that there has been a huge rush out of traditional mutual funds, but there will be fewer new investors into mutual funds.<br /><br />People who have been mutual fund investors for a long time have built a relationship with their dealers and are not all that likely to abandon their dealers. As you wrote in a recent post, people tend to make financial decisions based more upon trust and relationships than cold, hard logic about cold, hard cash.genehttps://www.blogger.com/profile/05608927986297939720noreply@blogger.com