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The Negative Impact of AUM Fees Over a 40 Year Period
The negative impact of AUM fees over a 30, 40 year period is unbelievable. You have an 80% chance of not beating the market any given year and you compound that out every year. So we're talking about you're willingly giving, oh, amisely 2%. But what that means over 40 years is essentially half of your net worth is gone if you had just invested in index funds.