Welcome! This is my guide to mutual funds. Specifically ones that do not charge investors a front-end load. I'm all about finding the best no load funds. What is this? Really and truly, it's a rip off. A complete scam. I'm not even sure why it's legal. Basically a mutual fund will take 5% of your capital as a fee as soon as you invest it. This money is used to pay the broker that sold it to you. Don't you think that's a conflict of interest? That's a whole another issue for me - the so-called "financial advisers" .

I'm going to go up on my high horse for just this second. So please be patient. Basically I can't stand these guys. These guys are scam artists! They have a duty to protect their clients. People trust these guys. But they'll throw you in a mutual fund that gives them a fat percentage of their investment. It's ridiculous. I hope some attorney general beats up real good. I would totally support that.

I forget who said it first but this famous guy said they were like prescriptionists, prescribing pills for various ailments. Only that they didn't give the best medicine for the job, they prescribed the pill that paid the highest amount.