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Agree. More than DODBX, but still less than many of the other usual suspects. Regardless, very disappointed in Romick and FPA. I thought they were among the (few) good ones.
"From Bruce's perspective, too much money is chasing too few good ideas. This has resulted in what we call "style drift". Firms that had made their mark as small cap or mid cap investors didn't want to kill the goose laying the golden eggs by shutting off new money, so they evolved to become large cap investors. But ultimately that is self-defeating, for as the assets come in, you either have to shut down the flows or change your style by adding more and larger positions, which ultimately leads to under-performance."
The $1500 minimum makes it sound like they're creating a share class that will not participate on NTF platforms and will pass along the savings to the investor. I recall reading somewhere that Fidelity charges something like 40 basis points per year for funds to be NTF, so the savings can be substantial for long term investors even after paying the transaction fee.
The $1500 minimum makes it sound like they're creating a share class that will not participate on NTF platforms and will pass along the savings to the investor. I recall reading somewhere that Fidelity charges something like 40 basis points per year for funds to be NTF, so the savings can be substantial for long term investors even after paying the transaction fee.
NTF is a money marker foe brokerages for retail investor's convenience. I would rather pay lower ER with a transaction fee.
Comments
~Ed Studzinki~
P.S. I forgot its Kenster1_Domestic Growth
FPACX also added some additional co-managers and Romick isn't the lone ranger anymore. Gotta keep sharing the love, right?
SHOW ME THE MONEY!
http://www.TedisReal.com/
Am I reading this wrong?