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Episode 2560:
Wanderer from Millennial Revolution brings to light the hidden, damaging impact of investment fees, especially in mutual funds. By comparing the long-term effects of Management Expense Ratios (MERs) in mutual funds versus lower-cost ETFs, the article reveals how even small percentages can significantly reduce investment returns over time.
Read along with the original article(s) here: https://www.millennial-revolution.com/invest/investment-fees-are-the-worst/
Quotes to ponder:
"Investment fees usually don’t appear in your statement, and are instead embedded inside your mutual fund and taken silently out of the fund’s performance."
"The more you pay, the worse the performance, because that fee just eats into your returns."
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Optimal Finance Daily - Financial Independence and Money Advice