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Author: intercst Big funky green star, 20000 posts Top Favorite Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 20153  
Subject: Re: Just Retired Date: 7/5/2000 12:47 AM
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Provo06 wrote,

This is probably the dumbest question to ever hit the board but here goes. I just retired three days ago and in two weeks I am going to turn over my life savings to a guy who works for an investment group. He is going to invest my money into five Enterprise Mutual Funds and one Janus Fund. I was just looking around this Website and came across this Mutual Fund Cost Calculator. I punched in the funds that I am going to be invested in and the total cost of holding these funds according to the calculator looks ridiculous (high). Now I am wondering if I should go through with this. I honestly don't think that this is something that I can tackle myself like I'm sure that most of you people could. Am I doing the right thing? Thanks a million for your help.

If you haven't had time to research this stuff yet, just put the money in a low-fee index fund Like Vanguard's S&P500 index fund. There's an 80% to 90% chance that will beat anything your "advisor" does for you -- largely because you're eliminating the "ridiculously high fees."

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