Catchthedisc OP t1_j6kh6pp wrote on January 30, 2023 at 11:32 PM

Reply to comment by KDBurnerTrey5 in Are index funds really better than manage funds? by Catchthedisc

>Best to know what you’re paying and why you’re paying it

Any tips for how to readily find that out?

Arrasor t1_j6khlgy wrote on January 30, 2023 at 11:35 PM

Gains minus fee. Compare result to gains in index fund.

bkweathe t1_j6m51a3 wrote on January 31, 2023 at 8:23 AM

Check the fund profile online. It will tell you the fund's returns over various time periods (always reported after expenses, by law) & the returns of the fund's benchmark (usually an index).

The profile will also disclose the fees, including the expense ratios, loads, 12b-1 (marketing) fees, etc.

Catchthedisc OP t1_j6nshas wrote on January 31, 2023 at 5:20 PM

Thanks!

bkweathe t1_j6nuh43 wrote on January 31, 2023 at 5:32 PM

Forgot the mention: you should have been offered a prospectus for each fund before you bought it. Each fund should also provide an annual report. This information should be in these documents, too

KDBurnerTrey5 t1_j6kkqau wrote on January 30, 2023 at 11:57 PM

Call your broker and have them explain the product and it’s value. If you really want to see if they’re trying to give you a poop product tell them you’re not sure and you think you need advice and then see how the advisor treats you/what they say to you. Should give you a good sense of what’s up.

Catchthedisc OP t1_j6kla3w wrote on January 31, 2023 at 12:01 AM

Ah, great idea. Thanks.

spillionaire t1_j6myodg wrote on January 31, 2023 at 2:05 PM

Customer service doesn’t necessarily equal good value when it comes to funds…