Image Credit: Alex Nabaum
Investment performance can be fleeting, but fees are forever.
That’s the lesson from a recent reversal at a prominent fund. Chaotic markets can cancel years’ worth of gains in days, but expenses don’t dwindle when profits disappear. And, new research shows, those costs can be even higher than they look.
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This article was originally published on The Wall Street Journal.
Further reading
Benjamin Graham, The Intelligent Investor
Jason Zweig, The Devil’s Financial Dictionary
Jason Zweig, Your Money and Your Brain
Jason Zweig, The Little Book of Safe Money