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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: lifeisgood who wrote (6707)	7/11/1999 2:47:00 PM
From: Demosthenes	Read Replies (2) \| Respond to of 15132

life, <<Paying a cardealer or real estate broker would be ludicrous if someone else offered the exact same service for free. This is the case with no load funds.>> I don't think anyone works for free, not even no-load funds. But as Trebor mentioned, paying commissions for value added is not a problem. Cost is an issue only in the absence of value. And neither you nor I know what kind of service/value a particular mutual fund broker may provide for his/her clients on an ongoing basis. I've never heard Bob ask someone specifically on the radio. If there is any value in the equation with a broker, it certainly wouldn't be the buying transaction itself, but some kind of ongoing service that would be valuable to someone who doesn't want to follow their investments in disciplined fashion. This assumes that their is more to a portfolio than buying some no-load funds and forgetting about them. If it really is the case with no-load funds as you say above, why the following?: Bob also has a money management program (The BJ Group) where he manages accounts of at least 100k. I called for some info on this and got a packet. I seem to remember the fees were 1% of account value per year. How many millions are in this program? Does he give his share of the profits to charity? Maybe so. Do you think he ever bot a car or took a vacation (with 18 holes ;-) with some of the profits? Is 1% anually (forever) a fat commission/fee? I'm happy and am grateful for the advice Bob gives me. I just think Bob is a little reactionary to this one sliver in a huge financial industry driven largely by commissions. Rgds, D