Originally Posted by
helen-damnation
1.6.13 - 1.6.14
Fidelity International Fund 18%+
Russell Global 90 Fund 12%+
Russel Global 70 Fund 9%+
BGF Global Opportunities 13%+
BGF Global Equity Fund 11%+
Doing ok.
Yes - but.....
The big problem with managed funds like the ones available through Mondial are the management costs dont necessarily give any benefit to the bottom line. If we take your best performing Fund, the Fidelity International, you pay
every year 1.9% as a management fee whether you make money or not - so on a $10,000 investment you pay Fidelity $190.
If on the other hand you invested in a low cost tracker Fund like the Vanguard 500 Index Fund you would have seen exactly the same increase but you would only be paying
0.05% in management fees -
$5 instead of $190.
There are actually very few managed funds that outperform the market when you include the hefty management fees.