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Home Personal Finance

The Expense Ratio on Your Funds Is a Guaranteed Return Drag

by FeeOnlyNews.com
1 day ago
in Personal Finance
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The Expense Ratio on Your Funds Is a Guaranteed Return Drag
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Every fund charges an annual expense ratio, 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 from major low-cost brokerages commonly charge 0.03-0.05%. Check yours, because that difference compounds into tens of thousands over an investing lifetime.

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