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    difference how much I make if I can double your money?”

    Here we are computing a 50% expense ratio. Who cares as long as he doubles the money? When you t

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    “How much will you make for me?”

    He replies, “Because I invest in the stock market I am not sure what each year will be, but I have a real time track record that I have doubled my clients money every three years. If you start with $10,000 you should have $20,000 three years from now.”

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    I have a real time track record that I have doubled my clients money every three years. If you start with $10,000 you should have $20,000 three years from now.”

    “In other words out of the $20,000 you make with my money you get half? That seems like an awful lot.”

    Mr. Money Manager asks, “Does it make any difference how much I make if I can double your money?”

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    “In other words out of the $20,000 you make with my money you get half? That seems like an awful lot.”

    Mr. Money Manager asks, “Does it make any difference how much I make if I can double your money?”

    Here we are computing a 50% expense ratio. Who cares as long as he doubles the money? When you t

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    difference how much I make if I can double your money?”

    Here we are computing a 50% expense ratio. Who cares as long as he doubles the money? When you talk to brokers when buying mutual funds one of their pet talking points is that a particular fund has a very low expense ratio. Who cares? The only thing that is important is the final return.

    Does it make any difference if a fund has a 3.5% expense ratio or a 1% expense ratio if the 3% fund makes more money? Of course not.

    This is part of the Wall Street mystique designed to confuse clients. Whatever mutual fund you choose it should be one that has the highest return. When it is no longer going up it should be switched to a better performing fund that is why you should only buy no-load funds. Full service brokerage c

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