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It's a decision only the OP can make, but let's not confuse the matter with irrelevant math.


You make an excellent point. The example given is an illustration of what happens to individuals that enter decisions without performing due diligence. The sad truth is that these scenarios do happen all too often and the investor realizes what happened far too late.

The OP should solicit as many opinions as necessary before feeling confident that a sound decision can be made. This certainly can include speaking with brokers. Perhaps by luck of the draw, the OP will encounter a reputable broker that will recommend low cost investment alternatives.

But yes, the $4,000 plan does not represent an instant $19,000 savings over a broker's "free" plan. But left to their own devices, investors can find themselves exactly in this kind of situation.

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