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Why You Shouldn't Rationalize Your Portfolio
You can't really invest without goals. You've got to have a fairly clear idea of where you're headed and what you want to achieve. So I think that's one of the reasons why people rationalize as well. They don't realize how much they're paying in fees. If a fund has a fee of more than 0.2%, you should really think twice about using it. And 1% is just crazy nowadays. It must be very, very special to demand that kind of fee.