From: "GB" 
Newsgroups: uk.finance
Subject: Re: Starting a pension - advice please!
Date: Tue, 19 Dec 2006 02:18:43 -0000


"Ronald Raygun"  wrote in message 
news:sOuhh.18232$k74.10882@text.news.blueyonder.co.uk...
> GB wrote:
>
>> "John Boyle"  wrote in message
>> news:dRf7xHFL0XhFFwUe@johnboyle1.demon.co.uk...
>>>
>>> Its a mistake to make charges a priority. You should look at performance
>>> after charges have been deducted and then decide.
>>
>> Hmm. Can you explain your reasoning, please?
>
> Duh.  It's obvious, innit?  You want to maximise its value to you, not
> minimise its value to the provider.

Well, I agree with that. But to do that, you have to maximise the *future* 
performance net of charges. Given that past and future performance are 
uncorrelated, how do you do that?