This newbie just found how to keep track of posts, so sorry for the delayed reply and thank you, for the welcome and great info. This is a terrific forum!
Grt2bOutdoors- I was under the assumption the cost to me was similar to what you posted, that it was all about the expense ratio, at least for these no load, no 12-b-1 fee funds, 401K funds, but I guess it was the wrong assumption. There seems to be way more than the expense ratio, but I don't know what, and that's why I was questioning where the much higher "cost of ownership" $ came from. Looks like DPR had the answer.....
Dbr- Thanks for the eye opening info, as painful as it is. I'm still shocked to think that PIMCO fund sucked up over 7K in fees in 1 year for the least gain, in my 401K no less, and I was totally clueless to it. Maybe I was better off clueless, because it looks like there is no way around it. The price of admission. I'm pretty sure the advisor didn't look it up in the fund prospectus or disclosures, because he said it was based on a standard calculation that most professionals (or those in the know?) use. I'm curious to read the "fine print" myself at least once anyway. I thought the new laws about disclosure would show this, but when I looked at the ones I received for my funds, they just brought attention to the expense ratio which seemed pretty easy to find if you looked for it. No other details though. Why can't they just tell us in dollars what we paid in fees every year?
Avalport- Your right, I don't think the advisor drawing our attention to the cost of ownership had anything to do with honesty, because he didn't sell or invest any of stuff we have now. He thought my husband's 401K from his previous employer would be perfect for some of the illiquid investments he had in mind and I'm pretty sure he thought exposing the unknown costs of those would loosen our grip on that 300K account. He called it the "low hanging fruit" that could be earning much more. Yeah for him maybe! Seems like everyone loves to get their hands on an old 401K. I will give him credit for educating me just enough to realize I need to learn much more and never return there.
Duckie- Thanks for the link to that calculator which will come in handy, but it doesn't apply to the question I had. I wasn't comparing those funds, just providing 2 examples to see if anyone could explain what the cost of ownership $ was based on, in addition to the ER.
Thanks again all. If anyone has any other thoughts or simple math to share, would love your input!