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SDS (Seductive Dividend Stocks)
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Sorry I hide my true identity but I'm a physicist/engineer, native contrarian and idea generator. I am an eclectic dividend investor with motto "In God We Trust, All Others Pay Cash" applied to companies I invest in. I like to read /and read a lot - did you look on my SA photo 8-)? /... More
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  • Wall Street's Tithe 0 comments
    Aug 25, 2012 10:49 AM

    English is not my native and I found recently new word for me "tithe" ( see en.wikipedia.org/wiki/Tithe for details) although I knew concept from high school.

    IMO, average ~1% fees charged by mutual funds or various financial advisors in comparison with average market return ~10% is purely tithe.

    As an atheist (see en.wikipedia.org/wiki/Atheist) why should I pay any tithe to church or to financial middlemen? I prefer direct investment....

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