No. of Recommendations: 1
That is the same argument many tech-heavy growth funds used in the late 90's..."Who cares that our expense ratio is a little high, look at our returns!"

How right you are!

A few years ago the oracle of Omaha pointed out that many investors spend as much as 50% of their investment dollars on information (newsletters, brokerage special reports, advice, etc.), commissions and fees.

I am constantly amazed by investors who claim to know the power of compound interest yet dismiss high fees as inconsequential. Don't they realize the 'power of compound interest' dollar is the same dollar that pays fees? How much more would they have made, over the years, if they'd invested that dollar instead of spending it on a high priced* broker?

* High priced ('full service') brokers justify their price by claiming their advice is valuable. Oh yeah? If their knowledge is so good why aren't they rich and retired?
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