nisiprius wrote: I had been hanging on to Pax World Balanced Fund, a rather small holding--more than a token, but not a big percentage of my portfolio. It is an actively managed fund, and at that time, it had an expense ratio of about 1%. I justified it by noting that its past performance had been slightly higher than Vanguard Balanced Index, although it was obvious from its holdings why that was--more risk. Nothing extreme or unreasonable, good stuff, international, weighted toward midcaps. But some mischievous poster suggested calculating the absolute dollar number of expenses for each fund we held, and when I did, I was surprised to find that this small holding was costing me more total dollars than all of my Vanguard fund combined. I didn't do anything about it right away, but it ate at me, and eventually I dumped it.
Default User BR wrote:Aptenodytes wrote:I don't quite see the point of this exercise.
I agree, as is so often in the case of these data-collection exercises. Average ER doesn't tell you much. You could a poor one that is as good as you can do. Conversely, you could have a good one with areas for improvement. The only ER examination that's useful is looking at each fund.
ruralavalon wrote:Middle wrote:What is this, the gloat post?
Of course .
zaboomafoozarg wrote:Sunny Sarkar wrote:ruralavalon wrote:Middle wrote:What is this, the gloat post?
Of course .
Except, around here, we gloat about how small our cars are.
And how big our watches are!
RNJ wrote:For me the savings is well into the five figure range annually so, based on any measure (nominal, marginal, relative, etc.) I am thrilled. Not gloating, but grateful.
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