Investment Fees

I’m Miriam Neff and I’m Valerie Neff Hogan with Wise Women Managing Money.

M Scripture often admonishes us to count the cost.  What is the outcome of that behavior?  Yes, avoid sin, also maximize God’s resources.  We talk about investment fees and how that moves money away from your portfolio instead of growing it. 

V One source calculated how much a one percent fee for investments cost a person over the 40 years recommended to save for retirement.  That amount was $590,000!  Yes, over one half million dollars.  That’s why we advise that you look and know the fees you are paying.  Most do not bring to the portfolio a benefit worth that big of a charge. Fees vary from 1—3 %.  A big difference.

M Information to learn is available to everyone.