No. of Recommendations: 0
If you could go back to the Peter Lynch days at Magellan, you shouldn't begrudge Fidelity their 3%.
When there is a truly outstanding manager, he may be worth a load.
But families like American Express, the fund families sponsored by the large brokers like Merrill, Prudential and the like, Van Kampen, and so on give mediocre performance with a load. You can do better.
Paul Wick's Seligman fund has at times been an outstanding performer, but now there are others without a load that do as well.
It is wrong to say you would NEVER pay a load, but before doing so you should have a hard look at what else is available.
Best wishes, Chris
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