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The Importance of Early Investing
I always assumed people would see, oh, a 5% front load on a C-share or a 2.5% annual. But it doesn't appear that that really happens until the financial crisis. I think you were seeing a big shift to C-shares where you had a bigger back-end trail and a smaller up front. And look, I'm a big believer that some of those type commission products are still important.