So, I've recently decided that I need to educate myself better on my investments. Sorry if I sound inexperienced, but I've basically been trusting my advisor to make good decisions for me for the last decade.... Anyway, looks like I'm investing in 12 funds: FFALX, REMSX, RGESX, RGISX, RGCSX, RFCTX, RSESX make up the majority of shares. The investment is hosted by wells fargo. Anyone know how I find out how much I pay in fees?
Thanks!
Can you post your percentage breakdown across those funds?
Can you give us a list of funds that are available but that you're not investing in? I ask because, even when most of the fund choices suck, there's usually one option that's a nod to index investing. That's been my experience, anyway.
The fees on these are very high. Very, very high. They're all actively managed, which folks around here will generally say is a no-no. However, I find it hard to beleive you only made 1.4% across 2014 with these. How did you arrive at that number?
You should be able to find out for yourself what the fees are. They're in the prospectus, which is available from your custodian. You have read the prospecti on these funds, right? Well maybe not "read" but scanned for key info like asset class and fees, right?
I don't want to put you off by being
too much off a smart ass, but, yeah, you need some education in investing basics. We all had to start somewhere.
Here's one place to start. I'm sure the community can recommend many others.
http://www.fool.com/School/MutualFunds/Basics/Intro.htm