Answers to

Practical Questions

YOU: So, let me just summarize, I am paying total fees of 1.5%, and a reasonable expected return is 6.5%.

ADVISOR:  (Slightly concerned) Yes.

YOU:  Please excuse me, I am not very good at this stuff, so the return I get to keep, after fees, is 5.0% (i.e., 6.5% – 1.5% = 5.0%)?

ADVISOR:  (Now concerned) Uh, yes.