There’s a weird paradox in investing: it’s incredibly easy to capture the market rate of return year after year. It’s incredibly hard to exceed the market average return year after year.
The odds of this Merrill Lynch guy earning more than his 1% AUM fee on a risk-adjusted, after-tax basis year after year are pretty slim. The odds that he screws up your ability to do a backdoor Roth and tries to collect AUM fees from your old 403(b) are pretty high. Run, don’t walk away.
P.S. White Coat Investor’s new course might be worth trying. It costs one year’s worth of 1% AUM fees on a $40K account. You can get your money back within 7 days if you truly don’t like the course.
The odds of this Merrill Lynch guy earning more than his 1% AUM fee on a risk-adjusted, after-tax basis year after year are pretty slim. The odds that he screws up your ability to do a backdoor Roth and tries to collect AUM fees from your old 403(b) are pretty high. Run, don’t walk away.
P.S. White Coat Investor’s new course might be worth trying. It costs one year’s worth of 1% AUM fees on a $40K account. You can get your money back within 7 days if you truly don’t like the course.
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