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Strategies & Market Trends : Precious Metals mutual funds (gold, silver, PGMs)

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To: Wade who wrote (955)2/8/2006 5:23:29 AM
From: unrealistic_thoughts  Read Replies (1) of 972
 
If you read John Bogle's books (Bogle founded Vanguard), there is research indicating that GROSS returns are NEGATIVELY correlated with expense ratios. In other words, funds typically charge high fees because (a) they are incompetent and inefficient - and need the money to stay alive, or (b) because they are greedy and want to steal your money. Both reasons have very negative connotations for your long-term overall returns.

How do can I x-ray a mutual fund like VGPMX to figure out what percent of it is base metals and what percent is diamonds and what is gold ?? I guess i could sit down with a spreadsheet and a half a galloon of beer and the prospectus - is there a faster way ??

- Don
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