No. of Recommendations: 1
" I've got to wonder why anyone would pay a 1.6% expense ratio for someone to buy them things like Berkshire, JPM, Microsoft, etc."
Several years ago the stew expenses were much higher. The control family owns like 45 % of the fund and poppa is getting very old. There are several ways he could have maximized his estate plans. It was worth the shot at a shareholder friendly move, which might still happen. I mentioned ADX and CET as well for IRAs, and Americans facing RMDs like me. I'm looking at the stew annual report. For the past three years ending nov 2023, nav and market price have beat the spy. 5 and 10 years ago the fund was very shareholder unfriendly. I currently own a lot less of the fund tho.
