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Cary

(11,746 posts)

11. Are you sure?

Reply to Common Sense Party (Reply #9)

Sun Jun 10, 2012, 03:41 PM

Jun 2012

There is a more recent article somewhere, or perhaps it was a CNBC documentary? I don't know but the bottom line is that even an expert cannot tell what the real costs of mutual funds are.

http://online.wsj.com/article/SB10001424052748703382904575059690954870722.html

No, they do not disclose all of their fees and costs and they don't have to either.

I trade stocks directly. The mutual funds I have owned and my wife owns generally suck. It may be that I'm better at picking stocks than I am at picking funds, but I still think they're skimming.

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Highlight:

The 401(k) System: Great for Wall Street, Bad for Retirees [View all] NNN0LHI Jun 2012 OP

This fraud is nothing new Cary Jun 2012 #1

With mutual fund fees, I get a prospectus and an annual report, two publications each year, Common Sense Party Jun 2012 #9

Are you sure? Cary Jun 2012 #11

Are you also reading the SAI? Paulie Jun 2012 #14

I'm not reading the SAI because I'm not buying funds. Cary Jun 2012 #18

* and Cheney wanted to convert Social Security to a gian 401(k) account. no_hypocrisy Jun 2012 #2

Many people are gradually wising up to the way Wall Street is rigged Mairead Jun 2012 #3

K&R. Another fraud we were warned about over and over again. n/t Egalitarian Thug Jun 2012 #4

Could you use and extra $155,000 when you retire? KansDem Jun 2012 #5

not surprising as they were meant to benefit mopinko Jun 2012 #6

Yes, so many have dipped into their 401ks... CoffeeCat Jun 2012 #7

There is a 10% penalty for early withdrawal, not 30%. Common Sense Party Jun 2012 #10

There should be no problem when more people are withdrawing from 401(k) than contributing. ieoeja Jun 2012 #19

All my money is tied up in mattresses. RagAss Jun 2012 #8

The methodology for this "study" is highy suspect. JoePhilly Jun 2012 #12

Finally. I've been saying this over and over and over. JDPriestly Jun 2012 #13

Yep, but try getting the money out of Wall Street now. shcrane71 Jun 2012 #15

This is all about interest alignment mick063 Jun 2012 #16

Yes, I do FreeJoe Jun 2012 #17

I remember looking into this many years ago. airplaneman Jun 2012 #20