Originally Posted by
Sparky35
FYI i just got my statement today via email and I have done 8.7% return since account inception last decade.
I know they are worth ever $ I pay them.
Sparky
Isn't that.... terrible? If you had simply put money in the S&P over the last 10 years you would have had over a 10% return. A 1% management fee (is that correct) compounded over 10 years reduces your gains by another 10%. Comparing the two via an online calculator shows a difference of about 20% in total returns over the last 10 years. What am I missing?