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

To: Demosthenes who wrote (6709)7/11/1999 4:40:00 PM
From: Math Junkie  Respond to of 15132
 
Interesting discussion on Bob's attitude toward brokers. My take on it is that fourteen years of listening to people call up and tell horror stories about their brokers might have biased him against them somewhat. After all, the people who are happy with their brokers don't really have any reason to call.



To: Demosthenes who wrote (6709)7/11/1999 4:58:00 PM
From: lifeisgood  Read Replies (1) | Respond to of 15132
 
Don't want to beat a dead horse but Bob's main gripe is not the ~1% annual commissions charged to run a fund (it's the 4-6% front or back load). Further, if that is all Bob's money management program costs, it's reasonable. Bob takes offense (and so do I) at fund managers who charge exorbitant management fees and then consistently underperform the market.

best...
LIG


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