Investing - Low Costs

I’m Miriam Neff and I’m Valerie Neff Hogan with Wise Women Managing 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, your preference is to work with 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.