ST Alpha - "I am not sure if he gets a commission however he doesn't take any annual management fee. This guy is from the university credit unit" (Reading a Post)

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Posts: 152

In response to "Does your guy get a commission if you buy that fund? " by spamlet

I am not sure if he gets a commission however he doesn't take any annual management fee. This guy is from the university credit unit

Posted by James Bond (aka Igor) (aka Igor) Sep 22 '14, 16:40

(which hopefully means he is a little more honest)

Responses:

If he's recommending a load fund he gets a kickback and is steering you to a fund he gets paid more for. - spamlet Sep 22, 16:45
One of the main things to assess about funds in a 401K/IRA is the expense ratio of the fund. - ty97 Sep 22, 16:44 6
- ETFs are the way to go if you have an IRA that allows you to get them -- nm - Bacon Sep 22, 16:45 5
  - If you want to manage them, yes. If not, then a fund is the way to go. -- nm - spamlet Sep 22, 16:47 4
    - True true. I like to manage my own funds. Great Western (Wife's) we have 22 mutual funds to allocate her funds into. - Bacon Sep 22, 16:56 3
      - Well with an ETF you have to reinvest dividends and whatnot. -- nm - spamlet Sep 22, 16:58 1
        
        TD Ameritrade has me on something call drip. My dividends are reinvested back in without any fees. Great tool to use there -- nm - Bacon Sep 22, 17:00
      - My IRA I can buy anything on the market. That can be a good thing or a very bad thing if you aren't paying attention. - Bacon Sep 22, 16:58

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