Investment Fees Are Eating Into Your Wealth

Pinching pennies pays if you are a mutual fund investor. A lot. Sample this: Over 30 years, just 1 percent fee on mutual fund investments will leave an investor with 25 percent less corpus, according to Kunal Bajaj of online adviser Clearfunds. This money goes to the distributor or the adviser or the bank relationship manager, he said. “It’s your money and someone else’s kids are going abroad to study on it.”