September 16, 2014

There is absolutely no reason to pay a load when investing your money. What is a load? How do you avoid it? Where?

2 thoughts on “September 16, 2014”

  1. Garrett Haag says:

    A load is a commission, you pay it when you buy a stock or policy from a sales man, that is what makes them money, you can avoid paying loads by not going to the sales man and buying no load index funds from, a load gives a sales man a conflict of interest, if he sells you something without one, he will not be making as much money as he would otherwise if he sold something with a high load. So salesmen like high load products like whole life, annuities, and mutual funds. Just dont buy these products from these peoples and you will not pay any loads, just use Vanguard and pay no loads.

  2. Mike Finley says:

    Well said, Garrett. Let’s recap.

    A load is a commission paid to financial “helpers.” It goes to the salesperson, not the actual investment. It cost you money and provides you nothing in return. The “helpers” are not as smart as you think they are.

    You can go straight to and invest in no-load index mutual funds and you should, but first continue to educate yourself on the matter. My book, Financial Happine$$, will help. So will John Bogle’s wonderful book, The Little Book of Common Sense Investing. Awake!

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