I agree with Mr. Bentley. There's many ways of getting around transaction fees too. I use bank of america investment services: NO comission on any trades as long as you keep at least $25k combined in all your BOA accounts. seems like a good deal to me
Nandoof TX9:46AM December 04, 2008
Why are you know-it-all journalists always ragging on commissions or other acquisition costs?
Do you seriously expect a 12% return investment to be acquired at NO COST?
That is simply not the way the world works.
Even a bank charges a fee for purchasing a CD. It's a hidden fee. It's called a spread. The bank pays you 3.50% while collecting 5.75%. That is actually a HUGE cost, but wanna-be financial gurus, commonly known as journalists, have never focused on something so obvious. They'd rather scare people into thinking that paying acquisition and management fees is a bad thing.
The real test is to determine whether the fee(s) you are charged are worth it -- regardless of the investment or savings vehicle.
Thomas Bentley, Certified Financial Plannerof DC1:48AM December 04, 2008
This is a great post!!! glad I found it..….very educational…thank you…I will put it on my favorites list.. I also learned a lot about ETF trading strategies from 3 other great books. Hedge Fund Trading Secrets Revealed..by Robert Dorfman..and Confessions of a Street Addict of course by Jim Cramer..written before he got really famous.and Richard ARMS..STOP AND MAKE MONEY….all 3 are riveting and very informative. You should check them out if you like reading behind the scenes stuff about hedge fund and what methods they use to make money.
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Nando of TX 9:46AM December 04, 2008
Thomas Bentley, Certified Financial Planner of DC 1:48AM December 04, 2008
milt tomkins of MN 10:33AM December 03, 2008