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veronica karas
by on April 28, 2021
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Today I thought I’d touch on a funky subject – FEES. As an Financial Adviser, I often get asked about fees. So let’s discuss all the different types of fees that are likely built into your typical investment account – and yes, you should be concerned and ask about all of them, always. 1. Expense Ratio or Internal Expenses It costs money to put together a mutual fund. To pay these costs, mutual funds charge operating expenses. The total cost of the fund is expressed as an expense ratio. A fund with an expense ratio of .90% means that for every $1,000 invested, approximately $9 per year will go toward operating expenses. A fund with an expense ratio of 1.60% means that for every $1,000 invested, approximately $16 per year will go toward operating expenses.
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