Wednesday, July 18, 2007
Straight out of Seinfeld
didn't Kramer or George drop a pc out a window.
http://news.yahoo.com/s/nm/20070717/od_uk_nm/oukoe_uk_germany_computer
http://news.yahoo.com/s/nm/20070717/od_uk_nm/oukoe_uk_germany_computer
Everything Counts in Large amounts!!
Mutual Fund expenses and their impact over time:
A $10,000 investment 20 years later (assuming a 7% annual return)
Index ETF (annual costs of .07%) $38,140
Index Mutual Fund (annual cost of .18%) $37,330
Actively Managed Mutual Fund (annual cost of 1.4%) $29,190
So a difference of a tiny 1.3% per year over 20 years equates to roughly 10,000 or your entire initial investment---
Low Costs are the secret to outstanding long term performance and not investment choices!
Source: SEC mutual fund cost calculator
Notes: All returns are pre tax. Assumes all funds earn the market return before expenses. Brokerage commision of $20 deducted from ETF return.
A $10,000 investment 20 years later (assuming a 7% annual return)
Index ETF (annual costs of .07%) $38,140
Index Mutual Fund (annual cost of .18%) $37,330
Actively Managed Mutual Fund (annual cost of 1.4%) $29,190
So a difference of a tiny 1.3% per year over 20 years equates to roughly 10,000 or your entire initial investment---
Low Costs are the secret to outstanding long term performance and not investment choices!
Source: SEC mutual fund cost calculator
Notes: All returns are pre tax. Assumes all funds earn the market return before expenses. Brokerage commision of $20 deducted from ETF return.
KTM X bow
Odd like the product of some unlikely union between Picasso's pencil and a Formula 1 racing team's software for computational fluid dynamics. Odd like something cleaved from a huge block of carbon fiber with a big, ugly axe. Odd like nothing the automotive world has seen since the Lamborghini Countach. Odd as in good, actually.It is the 2008 KTM X-Bow, an Austrian-funded, German-powered, Italian-engineered pocket-size supercar. It is what you get if an ambitiously minded European motorcycle manufacturer (KTM) and an open-minded German car manufacturer (Audi) get jiggy in the back of a camper van. And it can be yours in February 2008 for about $50,000.