Understanding fee structures of investments.
May 22, 2018
I’m Miriam Neff-with STARTING OVER FINANCIALLY, and I’m Valerie Neff Hogan, and we’re here to talk about money
M Scripture repeatedly states that we are accountable for what God has entrusted to us. That includes investments. Are you paying unnecessary fees in the investments you hold?
V Few people really understand the full fee structure they pay. If you are paying 1% for management, but then also paying fund fees, wrap fees and transaction fees, and you are up to 2.5-3% in fees, and add that cost of living increases by 3%, you will need to beat 5.5-6% every year just to make any headway. Are those fees getting better returns and counsel?
M Best and first advice. Examine what you own. Like shepherds watching their flocks. Be vigilant, be wise.