http://www.paidtwice.com/2007/09/24/my-relationship-with-wachovia-is-over-i-think/#comment-2526 LocoMark Tue, 25 Sep 2007 01:14:09 +0000 http://www.paidtwice.com/2007/09/24/my-relationship-with-wachovia-is-over-i-think/#comment-2526 Yes, "fees are the enemy of compounding"!!! I have to agree with you. I suffer from a little but not-so-well known fee for my Fidelity Spartan 500 Index fund which states there's a small fee for balances under $25000. And the kicker is they allow you to open an IRA for 2500.00. Each year I have held this fund, they charge me the fee out of my holdings, not my cash balance. Great quote. Yes, “fees are the enemy of compounding”!!! I have to agree with you. I suffer from a little but not-so-well known fee for my Fidelity Spartan 500 Index fund which states there’s a small fee for balances under $25000. And the kicker is they allow you to open an IRA for 2500.00. Each year I have held this fund, they charge me the fee out of my holdings, not my cash balance. Great quote.

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