Another year with good gains for passive.
https://www.financial-planning.com/...JhA72TEA9S3IVmiknkOwh9zhw&bt_ts=1576702986690
https://www.financial-planning.com/...JhA72TEA9S3IVmiknkOwh9zhw&bt_ts=1576702986690
What the hell are you talking about? What Robbery?these expense ratios look like robbery.
What the hell are you talking about? What Robbery?
Top 5 Funds
YTD Expense Ratio
60.03% 0.35%
57.53 0.46
51.42 0.42
45.83 0.13
44.61 0.10
All of the top 5 funds have an expense ratio below one half of one percent.
I would gladly pay one percent in expenses to get a 45% to 60% annual return.
IF those fees are robbery, what about 2 and 20 charged by long-term under-performing hedge funds?these expense ratios look like robbery.
Under 0.25% is ok. Anything higher is unreasonable. I recommend qqq all the time but the expense isn’t cheap. I have been buying individuals also.
Most of these guys are just closet indexers. No reason to charge 0.5%.
It may not sound like much but if you have a sizable portfolio it adds up.
For the 2/20. That’s not expense. That’s stupidity tax.
%%The stupidity tax puzzles me. Only rich people are eligible to get into hedge funds. Surely, if they are stupid, they can't become rich in the first place, right? Chances are hedge fund clients are intelligent people.
I think hedge funds are really great at marketing. THey are able to sell inferior products/services at super high price for decades to rich and probably intelligent people. Amazing!
THe SEC trouble indicated that those profits were a result of cheating - insider trading.%%
Good marketing; a smaller number could be worth more. SAC Capital had 18 years of 30 net %. Fees 3% + 50% of trading profits, before SEC trouble.