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6Sweet Zeus's left butt cheek. That's insane. How do they get away with that??? OP should stay away not only from the advisor who recommended this fund but also from whoever recommended that advisor in the first place.dg99– dg992015-05-24 21:59:12 +00:00Commented May 24, 2015 at 21:59
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5The American Funds family is indeed the one pushed by banks to people who are very unsure about investing in the stock market. After all, who am I gonna trust for advice, the friendly guy with perfectly capped teeth at the bank who will take me out to lunch after our meeting or just what I read on a website run by a investment company, or some Internet guys with obviously fake names like JoeTaxpayer or littleadv, or even worse, what I hear on PBS? Hey, even I know that I shouldn't trust anything I see on TV, and when it is on PBS, which I never watch anyway, Duh! Oh, and +1 by the way....Dilip Sarwate– Dilip Sarwate2015-05-25 15:41:19 +00:00Commented May 25, 2015 at 15:41
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3@dg99 - How about the bank letting him peddle these products from inside their building? You ask the right question "How do they get away with that???" - It should be illegal. The government is working on 401(k) disclosure and reduction of fees, but this still remains an issue, funds that are charging near 2% per year.JoeTaxpayer– JoeTaxpayer ♦2015-05-26 13:05:31 +00:00Commented May 26, 2015 at 13:05
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This is a great answer. I think it could be improved a little by explaining a little about what the expense ratio is, and how it is charged (or hidden).Nicholas– Nicholas2018-06-01 16:39:46 +00:00Commented Jun 1, 2018 at 16:39
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