If Iinvest £10,000 lump sum over 40 years and the growth rate averages 7% pa, how much (%) will the charges take from the final sum?
2007-07-21 14:05:12 · 4 answers · asked by Anonymous in Business & Finance ➔ Investing
Bob,
You have not answered my question(calculation) and your opinion is morally reprehensible. It is not OK to rip off people who believe your mass adverisements of superior performance.
2007-07-22 04:18:41 · update #1
its called a loaded fund look for no load funds you'll save a lot more money and generally have better performances.
2007-07-21 15:04:24 · answer #1 · answered by Anonymous · 0⤊ 0⤋
some ar -- others are no longer. wealthy traders can diversify their portfolios on their own. people who're no longer wealthy have a decision -- shop a portfolio that isn't properly various or placed their money in a mutual fund it somewhat is various. because of the expenses, a mutual fund won't supply as solid a return as a properly various portfolio with the comparable danger point. although, they are able to nevertheless value expenditures and outperform nondiversified portfolios of the comparable danger point. as long as they are able to try this, there will be a marketplace for his or her centers.
2016-12-10 18:40:57 · answer #2 · answered by ? 4 · 0⤊ 0⤋
I have seen front end loads of 8.5% and annual charges of over 2% per year. I have also seen No Load funds and funds with less than 1%. You choose the fund. If you get ripped off, it's your fault.
2007-07-21 15:34:53 · answer #3 · answered by Ted 7 · 1⤊ 0⤋
I can pick stocks trading in the LSE with better returns than most mutual funds in the UK and for FREE.
I am a Portfolio Manager with over a decade of experience in the Stock Markets.
2007-07-22 07:03:20 · answer #4 · answered by Anonymous · 0⤊ 1⤋