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I'm not sure why you are bringing up hedge funds. It's a pretty limited of how many clients participate in them and those that do are typically fully aware of the 2+20 fee structure 2% fee annually of AUM and 20% of trading profits
Also the average fund charges 1.25% in annual expense so I'm not sure where you are coming up with "most charge 1-2%" most don't charge anywhere near 2
well regardless, u negated your original thesis.. cos whether it's 1%, 1.25% or 2%, let's take 1.25% on avg as per your comment, you wil be EXPENSED $12,500 for a $1m stock mutual fund/year..
well regardless, u negated your original thesis.. cos whether it's 1%, 1.25% or 2%, let's take 1.25% on avg as per your comment, you wil be EXPENSED $12,500 for a $1m stock mutual fund/year..
You are incorrect. What the entire industry on average charges is not the same as what you would pay on 1mm. Your numbers are not reality based and you brought up hedge funds when it's really not all that relevant
You are incorrect. What the entire industry on average charges is not the same as what you would pay on 1mm. Your numbers are not reality based and you brought up hedge funds when it's really not all that relevant
well regardless, u negated your original thesis.. cos whether it's 1%, 1.25% or 2%, let's take 1.25% on avg as per your comment, you wil be EXPENSED $12,500 for a $1m stock mutual fund/year..
So what if the cost is $12K if the return on my investment was $200K or more.
So what if the cost is $12K if the return on my investment was $200K or more.
your point was that there was no upkeep in stock investments..
i have suggested people do both real estate and stocks as a means to retirement with $1m.
you are the one arguing that RE has no real capital appreciation because it incurs expense and other investments don't
Denial? I work in the business and understand it far better than you do, that much is clear to me. Well either that or you understand it and are being disingenuous
your point was that there was no upkeep in stock investments..
i have suggested people do both real estate and stocks as a means to retirement with $1m.
you are the one arguing that RE has no real capital appreciation because it incurs expense and other investments don't
my point is, everything incurs an expense.
Expenses for a house far outstrip the cost of mutual funds or other investments, other than hedge funds
your point was that there was no upkeep in stock investments..
i have suggested people do both real estate and stocks as a means to retirement with $1m.
you are the one arguing that RE has no real capital appreciation because it incurs expense and other investments don't
my point is, everything incurs an expense.
the house i live in is a cost cutter . it is not an income generator.
after 30 years in real estate as an investor to do real estate right is a professionals game and not passive income.
we have been selling all holdings over the last 12 years as i want no part of actively involved real estate in retirement.
Expenses for a house far outstrip the cost of mutual funds or other investments, other than hedge funds
i own a $400k home. Including deductible prop tax of $4k a year, snow removal and landscaping, i spend less than $6k/year. Every 10 years, i may repave my driveway and repaint my house for <$2k.
your generalizations are false.
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