Understand the impact of fees on returns from "summary" of Common Sense on Mutual Funds by John C. Bogle
Fees are a necessary evil in the world of investing. However, as investors, it is crucial to understand the impact that fees can have on our overall returns. Fees can eat away at our investment returns, making it essential to be mindful of the costs associated with investing in mutual funds. When evaluating mutual funds, investors must consider not only the fund's performance but also the fees associated with owning the fund. These fees can vary significantly from one fund to another and can have a substantial impact on the returns that investors ultimately receive. One way to assess the impact of fees on returns is to compare the expense ratios of different mutual funds. The expense ratio represents the percentage of a fund's assets that are used to cover the fu...
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