Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: Mr. Aloha who wrote (55033)	1/5/2008 9:38:48 AM
From: WalterWhite	of 78427

Mr Aloha - i hope you are right about MMG. Loaded to the gills. I think traditional fund mgmt fees are outrageous. If the LT trend is for a 7-8% annual return on the S&P, and the fund takes 2.5% (often the case in Canuckistan where competition is muted) then that equates to approximately a 33% performance fee on gains! 5/44% is outrageous as well. 44% is fine on performance over and above the benchmark (only if positive). I have never owned a fund (other than exchange traded country funds of old, and now ETF's) but recognize that most people neither have the time, training, or inclination to go it alone. Best Globe

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