William Dickens wrote:
> Discount brokers can really beat a .2% annual fee with no loads on
> either end?
>
> >>>For sure. Most brokerage houses don't have any fees other than fees for trading.
>Even if you have a round-trip cost of $100 for $10,000 worth of stock (you can do
>much better than this - - $14 is not out of the question) if you hold it for 20 years
>you are way ahead of a .2% annual fee.
For $10,000 worth of a single stock? Or $10,000 of any desired bundle
of widely-held stocks?
>But again, according to my sources the actual difference in performance between
>holding yourself and holding in the lowest cost mutual fund is a lot more than .2%
>per year.
> - - Bill Dickens
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
"He wrote a letter, but did not post it because he felt that no one
would have understood what he wanted to say, and besides it was not
necessary that anyone but himself should understand it."
Leo Tolstoy, *The Cossacks*
