{ "media_type": "text", "post_content": "Been thinking about buying this reasonable dividend growth fund from vanguard - I like the approach and the manager. The ER is 0.26%. I did the quick math vs my Schwab S&P500 index at .02% and it’s a staggering amount of expense over 20 years and 500K investment. How do people justify paying 1% etc for their investments when you can own S&P 500 for almost nothing.", "post_id": "60e25cb75c3f410029915bfc", "reply_count": 4, "vote_count": 1, "bowl_id": "59064a3cb12379001006592c", "bowl_name": "Personal Investment Chatter" }

Been thinking about buying this reasonable dividend growth fund from vanguard - I like the approach and the manager. The ER is 0.26%. I did the quick math vs my Schwab S&P500 index at .02% and it’s a staggering amount of expense over 20 years and 500K investment. How do people justify paying 1% etc for their investments when you can own S&P 500 for almost nothing.

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Depends on return. I decided to pay more for a tech index that often returns double. That’s well worth it.

Price is what you pay, value is what you get - Warren Buffet

I'm paying 10-20bp on some sector funds which I think will outperform the SPY in 2021. So far, they are. To me, that extra fee is worth it for the sector focus.

Run the numbers on a fund that returns .75% more per year over 30 years but costs .20% more a year in ER.

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