Del curso: Managing Your Personal Finances

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Understanding investment fees

Understanding investment fees

Del curso: Managing Your Personal Finances

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Understanding investment fees

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- You worked hard for your money. Don't just give it away in fees. The simplest way we need to understand investing fees is to know that the more control you give to someone else, the more you'll pay. But at the same time, if you pay someone to invest for you, you're relieving yourself from the burden of the day-to-day management of your money. But do you gain better returns by hiring an expert? A lot of research out there says no. After fee only about 1% of advisors had returns that beat market. So how much do you pay? Let's start by looking at advisors. Most advisors charge an annual fee based on account size, the smaller the account, the higher the charge. It can really change from 1.5% down to under 1% for your assets under management and you pay this fee every year. Again, the benefit of this fee is that your advisor will constantly tailor your investments to your profile over time which can be beneficial if the…

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