It’s critical to understand how fees and expenses affect your investment portfolio so that you don’t miss out on a considerable portion of your ROI. Joe Anderson covers the costs of average index funds, average retail mutual funds and annuities. Annuities tend to be high in fees and the broker usually charges commission, which can have substantial impacts on your return. Tune in to this episode short to learn how to invest in your goals and understand how to re-balance your portfolio tax-efficiently according to the changing nature of stocks.
0:06 “Stocks haven’t gone down in fifteen years, so if you have enough liquidity to start pulling some money from your bond portfolio, your safe money, you’re going to be okay to weather the storm”
0:24 “All investments have costs and fees associated with it, and an index fund is one of the cheapest in an exchange traded fund (ETF)”
1:07 “You want to make sure that you really take a look at those benefits to see if they’re really going to work for you. It depends on your age, your tax bracket and so many different considerations”
1:18 “Things that you can control: one of them is the risk that you’re taking, how you’re constructing your overall portfolio, and then the fees”
2:08 “You have to take a look at your goals; invest for your goals, have that right portfolio, and know that stocks will go up, stocks will go down, and rebalance and tax manage as appropriate”
