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Strategies & Market Trends : Value Investing

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From: E_K_S	5/13/2013 2:05:04 PM
	of 78717

OT - PBS Frontline show discusses excess 401K and mutual Fund Fees “The Retirement Gamble” Facing Us All April 23, 2013, 10:09 am ET · by Martin Smith Retirement is big business in America, but is the system costing workers and retirees more than what they’re getting in return, asks FRONTLINE correspondent Martin Smith. I watched this last night and did not realize how large the number gets w/ a 2% fee if allowed to compound over several years. It got me thinking that maybe I should take my profit in Tortoise Power & Energy Infra:TPZ and put those dollars into a no fee investment like a preferred and/or stock. Then on any significant correction, move some of those monies back into TPZ. Certainly, I would not buy a CEF fund at a premium if I was going to hold that position for a long time (several years) especially if the fees were above 2%/year. FWIW, one of my largest holding in the 401K is in the S&P 500 index fund at Vanguard. Their expense ratio is 0.17% one of the lowest (if not the lowest) in the industry. I have held monies here since I opened the account in 1990. EKS

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