Originally posted by dtraeger2k
Hi Alan,
An analogy that Steve told me which I found amusing in regards to how most managed funds charged -
Its like walking up to the shelf stacking guy in Coles and asking him where XYZ Product is, and him pointing it out to you and getting 4% of the commission, whether the product was actually there or not.
Hehe
-Cheers
Dave
Hi Dave.
Yes, there are obviously a number of different types of share investors out there.
1. Those that neither have the time or the inclination to look for the.......*if you don't mind
*....... WOOLWORTHS product ..... and are happy to pay the stacking guy a fee to help them find the product regardless of the result.
2. Those that neither have the time or the inclination to look for the product and are happy to pay the stacking guy a reasonable fee if and only if the product is found.
3. Those that intend to shop at the store regularly in the future and therefore initially take the time and effort to find the products themselves as you can't always guarantee a stacking guy will be available to tell you where things are......
4. Those that look for the product themselves simply because they enjoy shopping??
5. The 'speculative' who race to the baked beans section and try and buy as many tins as possible because the stacking guy tells him they're about to double in price.
6. The 'confused'
who race to pay twice the current price for the baked beans becuase they've doubled in price!
7. The 'contrarian' who buys the tins of baked beans while on special and then offers to sell them at twice the price.....
Think of some others guys??