Paying Excessive Fees & Expenses | Fisher Investments Common Retirement Investing Mistake #7

Transcript

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[Music]
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fees paid for investments or investing
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advice can add up fast
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and make a huge difference over time
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paying excessive fees can make it less
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likely that you can achieve your
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long-term financial goals
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fees can cost you no exaggeration
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hundreds of thousands of dollars over
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your lifetime
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let's say you own two mutual funds and
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put a million dollars in each
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held your funds for 20 years and didn't
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take any distributions
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let's assume both funds have matching
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average annual returns of 10 percent
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but one has annual fees and expenses of
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1.5 percent
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and the other 2.4 percent
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with both fees assessed at the end of
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each year
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as you can see all things being equal
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except fees
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the one with the lower fees will put
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over eight hundred thousand dollars more
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into your pocket over time when you
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think of how hard you worked for your
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money
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it simply doesn't make any sense to pay
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high fees
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thanks for watching you can check out
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our other six
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common retirement investing mistakes to
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learn more about what to avoid as you
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plan for your financial future
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