FEES CAN ADD UP, often to the point where they can hinder a portfolio’s growth. After all, every dollar you pay in investment costs is a dollar that can’t appreciate in your portfolio.
Robo-investing strategies—those automated services that use algorithms to manage portfolios and advertise barely there fees up-front—can also extract hefty fees elsewhere down the road.
The solution to this fee overload sounds simple: cut out the costs. The problem is it’s not as easy as it sounds. Too often, many investors aren’t even aware of all the costs of an investment or that a portfolio incurs.
For years, people have spouted the mantra “Keep fees low.” To ...