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Hey there are a  ton  of  banks  and  mutual  funds  that  rip  off  the  poor and  middle class  with similiar  if  not  worse fees,  levies,  and  transaction costs.

Before  I  entered  the  market  in  2008  I  had   a  laughable  presentation  of  a  banker around oct 2007   who  was  willing  to  blow  my  life savings  by  offering  to  charge  me a  2%  yearly  management  fee  on  top of  transactions  costs  ~   the  lady  presented me  with  a  bad  choice  of  spreading  it  equally  among  10  horrible  funds  that  charged  upfront  fees  and  the  likes  which  had  I  been  stupid enough  to  agree  to  would have  dwindled  away  my life savings  as  the market  back  than  was  at  its  all time  highs  and  those  funds  were  like  for  suckers  who  didn't  know  better.

 

 

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