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DJ FC · 11-09-2012, 02:02 AM

Fees on Mutual funds are too high and basically just a ripoff. Running a mutual fund is a joke.

ETFs do basically the same thing, just with stricter rules so the manager can't justify a higher fee structure because he makes no decisions. The best ETFs buy an entire index and track it. SPX tracks the entire S&P 500. It's a pretty good one. PFF tracks preferred shares of blue chips (similar to bonds) and pays out a healthy dividend.

11-09-2012, 02:02 AM	#11 (permalink)
DJ FC MURICAN Join Date: Jul 2004 Location: Virginia Posts: 5,136 Internets: 253094	Fees on Mutual funds are too high and basically just a ripoff. Running a mutual fund is a joke. ETFs do basically the same thing, just with stricter rules so the manager can't justify a higher fee structure because he makes no decisions. The best ETFs buy an entire index and track it. SPX tracks the entire S&P 500. It's a pretty good one. PFF tracks preferred shares of blue chips (similar to bonds) and pays out a healthy dividend.
	The basis of our governments being the opinion of the people, the very first object should be to keep that right; and were it left to me to decide whether we should have a government without newspapers, or newspapers without a government, I should not hesitate a moment to prefer the latter. But I should mean that every man should receive those papers and be capable of reading them.