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|Subject: WSJ: Don't Buy if Expense Ratio is above 2.0%||Date: 10/8/2013 1:44 AM|
|Author: intercst||Number: 73468 of 81359|
Are they nuts? I need a very good reason to buy any mutual fund with an expense ratio above 0.15% (i.e. 15 basis points)
What is the No. 1 warning sign for investors in a fund’s marketing material?
CHARLES ROTBLUT: High fees. Expense ratios above 1.5% are worrisome; expense ratios above 2% are signs to walk away.
Between IUL, single premium immediate annuities (SPIA), and now high-fee mutual funds, it's not surprising that few people amass enough money to retire comfortably -- their advisors have taken most of it.
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