Look at the following chart and determine how much more you could keep in your pocket after a 20-year period, if you could reduce the overall fees in your portfolio by just 1% using an index fund or an exchange traded fund:
At Efficient Wealth Management, we believe that costs do matter. Everyday, more questions are being asked about the high cost of mutual funds and the advisory system in Canada. It is too often true that investors are paying too much for too little.
|START VALUE||RETURN OF 7%||RETURN OF 8%||YOUR SAVINGS|
Finally, the irony that our results become stronger as the holding period becomes longer is lost on us. The long-term, buy and hold investor for funds are designed and to whom they are marketed is also the person most harmed as high expenses exact their inevitable toll on long-term performance,
Gene Hochachka, Analyst
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