"These fund managers are the sleaziest grubs on the planet using your money..."
Well said Mikey. What I don't like about these pricks is - their fees are calculated on the overall value of a punter's assets. This is outrageous.
A punter spends their life working their butt off and shouldering the risk to accumulate their asset base. The fund managers (who have taken zero risk) then invest that heard earned wealth into (hopefully) diversified investments. They then calculate their monthly fees off the overall asset value whether those investments have generated a positive or negative yield. They couldn't give a stuff whether the investments they have made return a loss or not - they have no risk and no skin in the game!!
IMHO, these fund managers should be made (by legislation) to calculate their monthly fees from the yield of those investments they make. They might then put a bit more effort into what they invest in!
