September 19, 2013
I often hear people say “It’s too much trouble” to change brokers or companies or funds in order to take advantage of saving on management and other fees. And yes, it does take some effort and time to do the research and make the moves. But, a few hours could mean the difference of tens of thousands of dollars – or even hundreds of thousands – over the course of your lifetime. If you understood that, wouldn’t it be worth it?
It’s your money, and it’s your time spent working and saving. I can only encourage you to take advantage of lower fees, but it’s up to you to make the decisions and take action in your own best interest.
To give you more “ammunition” to fight for keeping more money working hard for you, I’d like to share with you this terrific calculator that makes a great case for lower expenses:
This calculator is unique in that it shows how much more you have to invest to make up for the higher expenses. I hope that seeing the truth of your investment fees will convince you to act now to reduce what fees you can.
I also want to remind you to share my free “How To Invest” series books, with everyone you care about – whether first-time or seasoned investors – and drop me a line with your comments and questions at firstname.lastname@example.org. While I cannot answer every question directly, I strive to do so, and also to answer some in my weekly podcasts.
Thank you for tuning in and allowing me to share with you my 40 years of experience with the aim of helping you make the best decisions for the financial well-being of yourself and those you love.
To your success,
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