Here we go again.
Yet another article, albeit well-written, complaining about the profligacy of fund managers.
In this item
, wealth advisor and avowed investor advocate Daniel Solin rails against high fund fees (he cites ICI stats of 77 bps on average) and gives investors pointers on how to avoid these fees.
He also pokes fun at the perceived dichotomy between the purported lavish lifestyles of fund managers versus the not-so-lavish lives of their customers.
Yeah, yeah, yeah. He's just another example of people who don't get the fund industry, you'd argue. And a lot of people don't get the fund industry, perhaps.
You'd probably be right, but whose fault would that be?
Remember, these are the people to whom you are trying to sell.
Maybe, the industry needs even more, or perhaps better, stories to tell these people.
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