Quote:
Originally Posted by Stu from NYC
They have quite a few recommendations of no load mutual funds with good long term track records.
|
No-Load Fund Definition.
Why Are There Loads?
The justification for a load fund is that investors are compensating a sales intermediary such as a broker, financial planner, investment advisor or other professionals for their time and expertise in selecting an appropriate fund. Some investors find the paying of these fees bothersome. However,
there is evidence that shows load funds can at times outperform no-load funds in some portfolios. Investors should carefully read all fund information and compare similar funds before investing.
Even no-load funds will carry fees that the investor must pay.
All mutual funds carry one form or another of such fees and expenses, and the difference comes in how and when these charges are paid. Rather than charging an investor upfront, at the time of purchase, no-load fees earned are part of a fund’s average expense ratios (ER).