By Ori @FeeX
This week, the fine folks at the research organization Paladin came out with a useful infographic that breaks down everything you need to know about investment fees. For people who have no idea their retirement plan has investment fees involved (as 7 out of 10 Americans do), or for folks who might have noticed their fee disclosure form but didn’t understand what those fees actually meant, this infographic will help set things straight.
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We especially liked their breakdown of why investment fees are so hard to track, and how it can be done. Controlling investment expenses isn’t as simple as calling up a fund manager (though if any of you try that, definitely let us know what happens!), but it can be done by first being aware of the fees, and then finding lower-fee, similar-value investment alternatives.
And I’m sure you all know the easiest solution to take action — FeeX! No need to do complicated calculations or exhaustive research yourself. Use FeeX to scan your account for its investment fees, then peruse a list of lower-fee options you can choose as investments instead. Investment fees might be a big problem, but that doesn’t mean there’s no solution. Sign up for a free FeeX account here.
Still don’t know how much fees your’e paying? Check it out with FeeX!
Nothing in this article should be construed as investment advice, or a solicitation or offer, or recommendation, to buy or sell any security. Investing in mutual funds, exchange traded funds, and other securities carries risk of all or part of the amount invested. Past performance is no guarantee of future results. FeeX assumes no responsibility for the tax consequences to any investor of any transaction. Investors should confer with their personal advisor or tax professional regarding their particular circumstances.