Keep investing costs low
May 11, 2018
I’m Miriam Neff-with STARTING OVER FINANCIALLY, and I’m Valerie Neff Hogan, and we’re here to talk about money
M There are costs to investing. Going solo, there is a charge for trades and sells on any planform. Some investment firms will make all those decisions for you and charge a percent of your portfolio whether it shrinks or grows in any year.
V As with all financial decisions, vet and compare. How involved do you wish to be? Mom, you prefer a group that charges for just specific tasks rather than percent. And you must approve all transactions, buys or sells.
M Compare costs vigorously. Higher costs over a lifetime will really cost you, or at least take money from your portfolio and give it to someone else.