You raise a good point, I am wrong you are right. Of course the costs are on the entire principal, thank you for correcting me.
Investing in PE/Hedge/VC again is not likely for me. So I agree, with an advisor at .35% and vanguard at 0.04% - it's .39% per year. With 10M invested in VSTAX under these numbers, maybe it gains 4% but i pay out .39 or almost 10% of the gains. Far better than the 2% - but we are on the same page.
Agree that the advisors can have misaligned incentives - I trust the two I'm working with though based on relationships who trust them, so I'm fairly certain they are altruistic, a bit.
By the way, really good podcast on Hidden Forces with Ben Hunt for Demetri Kofinas about the "awesome renumeration" for money advisors, as long as you're right :)
Investing in PE/Hedge/VC again is not likely for me. So I agree, with an advisor at .35% and vanguard at 0.04% - it's .39% per year. With 10M invested in VSTAX under these numbers, maybe it gains 4% but i pay out .39 or almost 10% of the gains. Far better than the 2% - but we are on the same page.
Agree that the advisors can have misaligned incentives - I trust the two I'm working with though based on relationships who trust them, so I'm fairly certain they are altruistic, a bit.
By the way, really good podcast on Hidden Forces with Ben Hunt for Demetri Kofinas about the "awesome renumeration" for money advisors, as long as you're right :)