I just found out I've been recommended by my financial advisor index funds with 3% to 5% max initial charge and with 2%+ ongoing charges. Should I drop them?

LU0090830653 - 3% LU0093503141 - 3% LU0217390656 - 5% IE00B19Z4C24 - 5% LU0138259550 - 5% LU0232932698 - 0% LU0227385266 - 5% LU0066341099 - 5% 

You get the picture. I still have some of those at >-10%. I'm so pissed. My financial advisor has been recommeding me these or recommended me these the past 2 years and I actually invested in them because I knew nothing about investments. Are these what people call mutual funds?

Holy shit, I think I've been getting ripped off for the past 2 years. I didn't know much about what were index funds or ETF's.

From what I've learned this past week, ETF's can track the same index as index funds but being a lot more cheaper, am I correct?

Holy fuck, I'm retarded.

Submitted October 17, 2018 at 02:12AM by hereimalive https://ift.tt/2OssCUT