5 Investing Truths Every Investor Must Know - #3: Fees Matter
We have more information today than at any other time in history. And with more information, we can make better decisions, right? Wrong!
Now more than ever, it is important for us to get rid of the clutter to focus on what is most true and important. Such is true both with life and with investing.
This is the third of 5 short articles outlining core investing truths that have stood the test of time. If you remember these truths, you will likely make better investment decisions. Thank you for reading!
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Truth #3: Fees matter.? There is a direct correlation between fund fees and performance.? Historically, the low-expense funds have performed better than their more expensive peers.
The old saying, "You get what you pay for" may be true when purchasing your vehicle or your washing machine, it likely does not apply to the mutual fund or EFT in your retirement account. Many has been written and said about the underperformance of high-turnover and high-expense investments. For some examples of these studies, you can read a few articles?here?and?here.
To analyze the fees for your positions, simply locate the ticker symbol on your statement and punch them in on this FINRA Fund Analyzer tool.
You deserve an advisor who takes the time to get to know you and your family.?You deserve an advisor who makes decisions with you, not for you.?To schedule an introductory 15-minute call or virtual meeting,?click here.?To request a fee analysis of your existing portfolio, please?click here.