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vtbones

Joined: 05/20/2005 Posts: 6627
Likes: 455

What's this?

You should consider switching to index funds anyway b/c of the expenses.


You probably know this already but here goes anyway....

None of those funds that underwent a 10-1 split have an expense ratio under 0.69%. Fidelity's index funds have a zero or near zero (0.015%) expense ratio. The Contrafund's (I'm guessing that's what you have) expense ratio is 0.74%. It would have to outperform the market by at least that much every year just for you to come out ahead which is no small feat.

(In response to this post by RTFC)

Posted: 08/13/2018 at 1:54PM


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Current Thread:
 
  Mutual fund question -- RTFC 08/13/2018 11:32AM
  You should consider switching to index funds anyway b/c of the expenses. -- vtbones 08/13/2018 1:54PM
  Funds have had tremendous outflows this year and perhaps they are prepping -- DonHo-kieHi 08/13/2018 12:46PM
  A mutual fund is having a colonoscopy? ** -- Hokie360 08/13/2018 1:40PM
  Congrats on picking the fund that outperformed the market, but -- Hokie360 08/13/2018 12:17PM
  I agree -- RTFC 08/13/2018 12:54PM
  I assume you can buy fractional shares as is typical, so it doesn't make -- jmanatVT 08/13/2018 11:49AM
  If it's a fidelity fund, they answer that question. -- vtbones 08/13/2018 11:47AM
  Here is Fidelity's answer to that question... -- BB Hokie 08/13/2018 11:45AM
  Yeah, I read that -- RTFC 08/13/2018 11:54AM
  Just to clarify - did the fund actually split, or did the mutual fund -- Hokie360 08/13/2018 11:42AM
  It is a true split -- RTFC 08/13/2018 11:50AM
  Someone smarter? That's a tall order here. ** -- Brown Water 08/13/2018 11:41AM

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