Answers to

Practical Questions

YOU:  So in total, I am paying a 1% fee to you as my advisor, and another 1.5% in fees to the mutual fund company, for a total fee of 2.5%?

ADVISOR:  (Confidently) Yes, a couple of percent is very reasonable, and well worth the experience you are buying.

YOU:  So let me just summarize, I am paying total fees of 2.5%, and a reasonable total return is 8%.

ADVISOR:  (Slightly concerned) Yes.