The Costs of Owning a Mutual Fund

Was reading about the costs of owning a mutual fund and this cracked me up 🙂

“The investment advisory fee or management fee is the money necessary to pay the manager(s) of the mutual fund. On average, this fee is about 0.50% to 1.0% annually of the fund’s assets, and is necessary to make sure that the manager of the fund can be very well-dressed at all times and is able to go on good vacations.”

If you’re interested:
http://www.fool.com/school/mutualfunds/costs/ratios.htm

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