The impact of fees on your portfolio performance
Many investors are paying 2-3% in fees per year. Unfortunately most do not even know where the fees are as many are hidden. This can greatly impact your net worth. On top of this many portfolios are not managed but put into a long term `buy and hold` strategy which has proven to fail.
Quantifying the impact, a $100,000 portfolio with a 2.5% difference will result in a $43,214 to $65,358 difference over 10 years. That is significant. It is critical to manage your portfolio and minimize your fees to ensure your net worth is maximized.
Choosing options for financing is often difficult because there is typically more to the decision than meets the eye. When you dig deeper you will typically find that any savings offered in one are will be compensated for in other ways.