How To Invest For The Long Term – Forbes Advisor Australia
Investing costs can eat into your gains and feed into your losses. When you invest, you generally have two main fees to keep in mind: the expense ratio of the funds you invest in and any management fees advisors charge.
Pro Tip
Experts, including the likes of Warren Buffett, recommend average people invest in index funds that provide cheap, broad exposure to hundreds of companies’ stock
In the past, you also had to pay for trading fees each time you bought individual stocks, ETFs or mutual funds, but these are much less common now.
Fund Expense Ratios
When it comes to investing in managed funds and ETFs, you have to pay an annual expense ratio or management fee, which is what it costs to run a fund each year. These are…
