Invest With the Upper Crust and Sometimes You Just Get Crumbs

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