Most investors are not familiar with the impact of compounding returns. For example, how much does 1% more return over five years, or more?
Or how much you save over twenty years by holding mutual funds with management fees of 0.3%, as compared to funds where fees are 0.7% or 1.0%.
Most investors thus have no idea of how to measure the performance of their investment holdings.
Yet such tables can be had at no cost from the internet or standard directories. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
No comments:
Post a Comment