What’s the real cost of investing?
You can pay vastly different amounts to invest, but it’s not always clear how these fees add up. Keep in mind fees are not inherently bad, as long as they are outweighed by the benefit. In this vein we will compare commissions, sales, and transaction fees; we will assume that you only buy quality mutual funds whose internal fees are offset by increased profits (reality you should do better but we will cover that in another article). Know we will use an example to see how th