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Author: galeno Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19483  
Subject: Re: Load Vs. No load mutual fund Date: 6/4/2000 10:37 AM
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Here is a quote from the link I suggested in the last reply. After reading it, do you still feel the same way about managed mutual funds?

"Over the past 15 years, for example, mutual fund fees and operating expenses, sales charges and transaction costs, opportunity costs, and the horrendous tax costs—generated, in turn, by grossly excessive portfolio turnover—have consumed nearly six percentage
points—one-third—of the stock market's return of 18% per year. (It would take a truly remarkable money manager to leap that six-point hurdle for 15 years in a row!) In the last year alone, all-industry costs absorbed an estimated $120 billion of the returns earned by mutual fund shareholders—an astonishing figure."
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