I should have thought of this fee structure! I’ll charge 5% on the acquisition of every Treasury bill I buy, and 3% on every sale…
The sad thing is, some sucker out there would probably go for it!
Posted by on 12/31/1969 at 03:00 PM
Stamp Fund Not Sticking With Investors
Monday, December 05, 2005 - 9:44 am
In a gratuitously pun-heavy story, Institutional Investor reports that plans for a new fund that will invest in rare stamps is being met with skepticism by experts. It’s not so much that stamps have been a bad investment over time--they reportedly have returned about 10% over time--it’s more that the fund itself may be setting a new record for the layers of fees it tries to stick to investors. In addition to charges for subscription, management and performance, rare stamp company Stanley Gibbons (whose namesake and 19th-century founder is pictured at right) will take another 5% when it purchases a stamp and 3% when it sells. “Stamps are perforated,” says Justin Stewart of Seven Investment Management, and “it sounds like this investment will be, too.” Sounds like the check will not be in the mail.
New Fund Fails to Get Approval [Institutional Investor]
Our History [Stanley Gibbons]
Comments:
Hey, it’s not much worse than some of the load products the big brokerage firms shove down retail clients’ throats.
Posted by Anonymous on 12/31/1969 at 03:00 PM
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