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In making my selections, I tried to keep in mind the Fool's advice of keeping any fees/transaction costs under 2%. Should I aim lower than that?

Yes. FWIW, that 2% rule was for stock trading commisions. Made you think before paying $10 to buy $100 worth of stock. It was also back in the day when trade commisions could be $50.

Mutual fund fees are a different beast. They are not the cost of buying/selling. They are a management fee, paying someone to run the fund. IMHO, the best gauge would be to compare the fee to a comparable Vanguard Fund. Then you'll see how badly you're being gouged.

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