Personal Wealth Management / Retirement
Paying Excessive Fees & Expenses | Fisher Investments Common Retirement Investing Mistake #7
In this video series, we share some of the most common retirement investing mistakes we see time and time again. These are not meant to scare you or give you the sense that peril is lurking around every corner. Rather, weโre sharing these so you can potentially learn from them and feel more confident making investment decisions.
Transcript
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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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if you enjoyed this video you can click
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the subscribe button
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publish new content
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thanks for watching
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