Had a broker tell me 0.25% doesn't matter on mutual funds

My uncle's broker at a big firm told him not to worry about the expense ratio difference when moving money between funds. After 12 years on that fund, my uncle paid $4,200 more in fees than if he'd picked the cheaper option at a discount broker. Has anyone else had a broker brush off fee differences that added up big over time?

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1 Comment

the_joseph1mo ago

Dang that's brutal. 4 grand just poof gone for nothing.