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Have a clear understanding of fees and expenses from "summary" of Investing Basics for Beginners by Razaq Adekunle
Understanding fees and expenses is crucial when it comes to investing. Many beginners overlook the impact that fees and expenses can have on their investment returns. It is important to have a clear understanding of the different types of fees that may be associated with investing, such as management fees, transaction fees, and performance fees. Management fees are charged by investment managers for managing your investments. These fees are typically charged as a percentage of your total investment and can vary depending on the type of investment. Transaction fees, on the other hand, are fees that are charged each time you buy or sell an investment. These fees can add up quickly, especially if you are an active trader. Performance fees are fees that are charged based on the performance of your investments. While performance fees can be a good incentive for investment managers to perform well, they can also eat into your returns if the investment...
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