Investment expenses
“One topic that comes up in talking with my clients is investment expenses. To buy and sell investments and to have an advisor will cost something. These expenses are one of the few things we can control in investing, and the greater the expenses the more return on investment you’d need to compensate for them and get the same net effect. However, as much as people may focus on these expenses, I feel they really are not the most important thing to consider. I believe that investor behavior, your behavior, will have a much greater impact on your success or failure than a fraction of a percentage point here or there in expenses. Making rash choices to chase market highs or to sell off investments in fear during a downturn undermines investors’ potential for success more than anything else. So we can talk about expenses and you’ll know upfront what it will cost to work with me, but we really need to talk about you. What are your goals and are you willing to have the discipline to pursue them? That’s far more important to your future. If you want to learn more about investing, please look through my blog where you’ll find more videos like this one, but then contact me, as well. I’m happy to help you think through your options as you become an educated investor.”
DISCLOSURE: Investing involves risk and the potential to lose principal.