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PeppermintPatty wrote,

Your point is well made! Under that circumstance the benefit is clear & meaningful. My point,
however, pertained more to purchase of mutual funds rather than direct stock purchase - the
small/beginning investor lacks sufficient capital to enjoy reduced brokerage fees & diversify

Excellent point! I agree that mutual funds (low fee index funds, that is) are appropriate for individuals with less than $100,000 to invest. Once you get above $100,000, there are significant commission savings in buying a diversified portfolio of common stocks through a discount broker.

Also, let me compliment you on your courteous discussion of annuities and VUL (variable universal life). While few Fools would have anything to do with these products, we certainly welcome your comments. And, who knows, maybe at some time in the future fees and expenses on these things will be reduced to the point that even a Fool might consider one.


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