Re: Last Night's Meeting

Well I have to comment about our speaker last evening, Mr. Paul Nolte, of Hinsdale Associates. While the discussion moved along fairly well, I certainly have to take issue with his sentiments that "fees really don't matter, it's the return that counts." That was a bogus comment because he was speaking as someone who sells investment products, i.e. stocks, bonds and mutual funds; so from his perspective that statement would make sense because the higher the fees, the greater the commission!

But as an investor, part of your actions must include a conscious effort to keep fees/expenses to a minimum - if for no other reason than the fact that when you are dealing with a broker, or as in his case a financial adviser, or even with a mutual fund, that person (or firm)you are dealing with is making money as the result of your trade - even if you are losing money - so keeping fees and expenses as low as possible will always be in the investor's best interest!

Anyone else care to comment?

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