Fund managers and their product touts (who go by the hilarious nomenclature of Financial Advisors) expect and get a preference shareholding in your investments without having to contribute any capital. You take all the risks and whether the fund pays you a dividend or not, they get paid a regular percentage of your capital and when you complain the usual response is "Hang in there. You wouldn't want to miss out on the Big Rise that's coming."
While you dine on thin air, fund managers and their sales touts have lunch at a fancy restaurant and plan their next overseas holiday, on your fees.
NOT THIS LITTLE BLACK DUCK! Long ago, my wife and I had a Pow Wow. I would charge her 2.5% of her capital to advise her what investments to put money into (or take it out from) and she would charge me 2.5% of my capital for similar advice. That way we (not them) had trips like this:
