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Word: rottersman (lookup in dictionary) (lookup stats)
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...buys any stocks for you. Class B shares skip the up-front fee, but add an extra average fee of 1% annually and hit you with hefty fines if you cash out early, which proves more costly in the long run. "The whole idea of B shares," says Max Rottersman, founder of FundExpenses.com which tracks mutual-fund fees and costs, "is to get idiots into funds...

Author: /time Magazine | Title: Money: The Real Fund Rip-Off | 12/8/2003 | See Source »

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