Reducing the sum you pay for your investments is the easiest way to yield better returns. Contrary to market behavior, cost is a variable on which you can act directly – one of the few, actually.
According to financial planner Matt Becker, “even a small difference in fees adds up to a big difference in savings. Which means that it pays off to watch your investment costs closely.”
Both the research and the numbers back up the claim that the less you pay, the better your returns.
The ins and outs of investment costs
Mr. Becker’s article in Mom and Dad Money will help you figure out:
- the significance of investment costs;
- the difference they represent for your bottom line;
- how to minimize the specific costs that have the strongest impact.
SOURCE: Mom and Dad Money