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Even when people try and do figure things out the marketing machine tries to confuse. Index funds are under attack now and being sold with load fees plus.
Even when people try and do figure things out the marketing machine tries to confuse. Index funds are under attack now and being sold with load fees plus.
Whatever the hell that means. English please! Not all of us obsess. Besides English, I've been at least fairly conversant in four other languages. Money matters wasn't one of them and I doubt I'm alone in that.
Write for the masses!
Last edited by Curmudgeon; 08-22-2014 at 05:29 PM..
Load fees are the actual name of the fees often charged to buy a mutual fund. If charged can often be five percent of the invested amount . It is sales fee that often goes to the financial advisor if you buy a find on with them the plus is the annual fees charged by the fund that can often eat up one -two percent of the balance. These fees are what can eat up so
Much of a persons investment and make their investment more profitable for their advisor than them. It isn't obsession but when I give a large sum of money to someone I want to know the rules and language of the game and get the bang for my bucks I think reasonable . Fees are what the often mentioned PBS Frontline program on retirement savings was about .
As noted by others it isn't money but the body of knowledge around economics and financing that interests some folks. Not all not most but some . As a result this forum is a place for discussing finances and economics in the world of retirement planning and living. Just like the ins and outs of other activities for others.
I agree the market gains do not reflect individual gains. Not unless a person is invested in all stocks. Only traders keep up with market day to day. Most people are lower risk investors for long run.Even many of the hedge funds who certainly keep up with market didn't do that well in many cases.
This just gives added weight to other articles and retirement documentaries that won't be mentioned so as to avoid upsetting some folks.
Seems like it isn't just the quality of the retirement vehicles offered and the salesmen of the those products but the buyers and owners have some serious shortcomings. Ya think? I suspect that while many may not know the overall market results they probably know how their own portfolio perfomed which because of AA was not the same as the market. In fact with fees and low performance maybe they did lose money. Retirement readiness is a serious problem and it isn't always a result of a lack of just effort.
I knew the stock market gained 30 percent last year (almost 30 percent in 2013), but I don't care and don't know why I should care.
The broader issue here, is that the present market ascent (call it a cyclical bull market, a secular bull market, or just a bull market, or anything else) is widely hated and is held in suspicion. The prevailing wisdom is that appreciation of equities since March 2009 is bogus and another insider-trick to bamboozle and to fleece the gullible. Even affluent and experienced investors aren't immune to this. Between the endless parade of dour news in current events, the polarized politics, the bogeymen of globalization and automation, it's become downright unpatriotic to entertain the belief that we are living in good economic times, that corporate profits keep breaking one record after another. We're told that only giddy fools believe that the stock market is reasonably valued. We're told that a historic collapse is right around the corner. With all of that negativity swirling around, it's easy to convince oneself that stocks have been trending sideways for years, or even declining. And it becomes almost a psychological necessity for investors who got spooked in 2009 and have largely missed the rally.
To reiterate, the culprit isn't financial illiteracy. It's an emotional reaction. And it's costing a lot of people a lot of money.
i like your posts , you always have a clear consise way of explaining things as well as in my opinion spot on.
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