Fmagx

An often overlooked aspect of the investment is "Fresh". Yes, your mutual fund charges you many expenses each year. Some part of doing business, but some are just robbery and should be avoided at all costs. Take a fresh look at the summary below and you will see that the costs can really add up:

Fees & EXPENSES

Expenditure Category FMAGX average

Total Expense Ratio: 0.72% 1.35%

Max 12b1 Fee: 0.00% N / A

Max Front Load End Sales 0.00% 5.45%

Max Deferred Sales Load: 0.00% 2.65%

3 year * Projected cost: $ 233 $ 755

5 year * Projected cost: $ 406 $ 1,214

10 year * Projected cost: $ 906 $ 2,388

* Per $ 10,000 invested

These costs can hurt even worse when they come over these many losses incurred last year.

This is because your mutual fund charges this fee if they make money for you or not. I know its not kosher, but it's how the system is configured.

But guess what? ... you can cons-attack.

Go right now and look at the prospectus for the mutual funds you own. Look for the ratio of total expenditure. If this value is greater than 1% but less than 1.5% you need to research and determine whether the costs are worth it to you or not asking tough questions. For example, the fund against the market consistently? If costs are higher than 1.5% you probably need to abandon the fund and find one with lower fees.

There are some groups of mutual funds that offers consistently low expense ratios. I will address them in a future article.

Meanwhile, cracks and find the expense ratio of all funds you have and write them.

Do not let your mutual funds gnaw your investment gains!