Is a front load of 4.5 percent a normal percentage when purchasing mutual funds?

Is a front load of 4.5 percent a normal percentage when purchasing mutual funds?

Mutual Funds
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May 2018

Unfortunately, many mutual funds have high sales charges and this is normal depending on how much your investing. The high commissions and fees on mutual funds is one of the reasons I use ETFs for my clients. If you're paying 4.5% to buy a mutual fund, you're already in the hole and that's not even taking into account the underlying expenses of the fund. Considering so many mutual funds underperform their benchmarks, you better have a really strong belief in that mutual fund if you're willing to pay that much. You're better off looking for no-load mutual funds or ETFs.

 

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