No. of Recommendations: 1
In making my selections, I tried to keep in mind the Fool's advice of keeping any fees/transaction costs under 2%. Should I aim lower than that?

Yes. FWIW, that 2% rule was for stock trading commisions. Made you think before paying $10 to buy $100 worth of stock. It was also back in the day when trade commisions could be $50.

Mutual fund fees are a different beast. They are not the cost of buying/selling. They are a management fee, paying someone to run the fund. IMHO, the best gauge would be to compare the fee to a comparable Vanguard Fund. Then you'll see how badly you're being gouged.

JLC
Print the post  

Announcements

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!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
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.
Advertisement