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http://boards.fool.com/drip-is-right-go-with-low-cost-index-funds-and-29231780.aspx
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| Subject: Re: New to Investing at 58 | Date: 4/11/2011 2:29 PM | |
| Author: w2j2 | Number: 68865 of 72248 | |
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Drip is right. Go with low cost / index funds, and do not jump in all at once. Use dollar cost averaging, and put your money in gradually over a 2 year time frame. Most investors lose a lot of money by paying 1.5% to 6% on management fees. There are mutual fund management fees, buy-in fees, sales fees, 12 b-1 fees etc. that will all eat away your savings & earnings. The worst fees are "Wrap Fees" by Merrill Lynch, et al. If you are to choose 1 Mutual fund house, go with Vanguard (John Bogle's legacy). imho |
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