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Subject:  Re: Portfolio Management Fee? Date:  3/15/2006  11:36 PM
Author:  intercst Number:  50529 of 88536

hdsteele asks,

Anyone have any thoughts on the use of Fidelity Portfolio Management services for a 250K retirement portfolio? Cost is around 1% of annual balance. Good idea? Bad? I would love to think that I can manage it on my own w/o paying the fee but these guys do it daqy in day out. Awful big headed to think I could do a better job. Are there any stats on the "average" investors results vs. this type management?

If the "average investor" holds a mix of low cost index funds, he'll beat professional managers about 85% of the time.

A 1.00% fee ($2,500/year) is a lot to pay for advice.

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