Expense Ratio 0.81% ：Do you mean the short-term redemption fee?

Expense Ratio .81% I understanding like you said managing fees. I ask whether I need pay fees for transanction like after 30 or 60 or 90 days. I sell it and buy another one. I prefer to Index fund, But I am confident in myself( build myself profoile). I spent time to review your blog about this.Very great article for me. I appreciate it.   One friend share his value about stock mkt trend, I trust him. So I prepare for buy some more,I think it's good time to buy Funds(a little bit low) 1.Last Friday 关于股市，下周开始回调。补最近的2个GAP. 然后再涨。 但是离大顶已经不远了" 2. This Monday: 这会使商品市场暴跌，包括黄金，白银，石油等的下跌。 股票市场也将下跌，调整。 When May comes ,it goes away! What is your point? Many thanks in advance!