No. of Recommendations: 0
I received this tidbit from Foolexpress:

P.S. Foolish Tidbit: Did you know that 31 out of 31 managed stock funds at American Express have LOST to the market's average return over the past five
years, while charging average upfront fees of 3.5%? Wow. Ugly.

I have just started a TSA with American Express and have allocated my contributions to three different funds. I was told that there were no other fees besides a 1.5% annual mortality charge. Can someone shed some light on this dissapointing tidbit?

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.