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Author: intercst Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75826  
Subject: Interactive Financial Advisor Shaft Detector Date: 3/12/2012 12:50 AM
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I was playing around with Excel today and came up with this.

http://www.retireearlyhomepage.com/fa_shaft_detector.html

intercst
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Author: REtim Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 70348 of 75826
Subject: Re: Interactive Financial Advisor Shaft Detector Date: 3/12/2012 1:40 AM
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Good to see u still around!

Tim

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Author: akck Big red star, 1000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 70349 of 75826
Subject: Re: Interactive Financial Advisor Shaft Detector Date: 3/12/2012 12:54 PM
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My SIL used to have an IRA managed by an advisor. I took one look at it (she asked me), had her transfer the mutual funds to an online broker, sold them all, and bought Vanguard index ETFs (80% of the total so far). The advisor had bought front-end load funds (I wonder why), with high expense ratios (>1%), and I'd guess high turnover. I created a tracking portfolio of the old funds and the Vanguard gain is over double what the old would have done. Further proof of what her advisor was costing her and this doesn't include any fees he was charging her.

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