Key insights
- The post discusses the user's concern about high fees associated with a Primerica mutual fund and seeks advice on whether to switch to ETFs or a different brokerage (Fidelity, Schwab, or Vanguard). The high fee structure is a negative signal, but the overall impact on the US market is minimal as it reflects an individual investor's decision.
Hello,
Was wondering if the masterful people on reddit can assist me in direction towards a better long term decision.
Currently I put in about 30,000 usd in a Primerica Mutual Fund and want to know if it would be better to transfer over to another account? I already paid the hefty 4% fee which they got to take their 1200 usd from the original amount - not sure i'm fully trusting in Primerica since they do come off as an MLM but my cousin who I trust led me to a Broker who is still active that he used to work/live with and said he's a trustworthy guy.