I look at my statements and the 1% or more of fees I pay and often times think why don’t I just buy 5 or 6 ETFs that track the various indexes. I would be curious on the stats but I have to think very few managers can do better over the long term (assuming the client is not willing to take on more than moderate risk).
The other pet peeve I have is reporting. I can’t even tell whether my returns are net of contributions. I guess I need to ask lol.
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