The Expense Ratio on Your Funds Is a Guaranteed Return Drag
Each fund charges an annual expense ratio, with a percentage of your assets taken as a fee regardless of performance. A 1% expense ratio on a $100,000 portfolio costs you $1,000 a year, while index funds at the top low-cost brokerages typically charge 0.03-0.05%. Check yours, because that difference compounds into tens of thousands over […]
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