No. of Recommendations: 0
Putnam! Yuck! I understand they pay brokers very well to promote their funds. That 5% load pays the broker well. You, of course, pay the load. But your account is directly with Putnam? Isn't there a broker involved somewhere in this mess?
You'll lose another 5% (you have B funds, which are rear-end load) selling out, and perhaps a fee of $50 or so for closing the account. But hold your nose and make the plunge. It is fine to look around and see where you want to jump to before you make another mistake. Definitely, do NOT buy load funds. To have your account directly with the fund family is fine.
Best wishes, Chris
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