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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area
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To: Mario :-) who wrote (10177)6/15/2005 11:09:50 PM
From: Schnullie  Read Replies (2) of 37387
 
<<expense ratio 1.25% what is much better that other over 7% (counting all)>>

Mario, just so you're clear on what I wrote, there is a one-time 5% load, or upfront fee, on the Rogers Fund. After the first year, there is about a 3% annual fee on the account, plus costs to set up an IRA. I haven't found a single IRA (Fidelity struck out this afternoon, Schwab couldn't do it either) that hosts the fund without extraordinary efforts (read: additional fees). You might spread the 5% out over the time period you plan to hold to assess the fees (e.g., if plan on holding for 10 years, apply an additional 0.5% to annual fees).

That having been said, I think in this case you may very well get more than you pay for. For the record, I may also not invest in the fund as a matter of principle...I hate feeding all the bloodsucking brokers associated with this fund. The PIMCO fund looks very tempting, and does indeed have much lower fees (great find Tomasso). But note that Rogers' return through May 2005 (since inception in 1998) is approaching 200%. (That doesn't include subtractions for fees). The Pimco fund only has about 2 years of history so not a long record to go on - nevertheless, even though its provided a market-beating return (7% annually I think), you may wind up saving pennies in fees but foregoing dollars in returns. Big dollars. I'm still debating how to proceed.
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