Keep costs low from "summary" of The Bogleheads' Guide to Investing by Taylor Larimore,Mel Lindauer,Michael LeBoeuf
The idea of keeping costs low is a fundamental principle of investing that is often overlooked by many individuals. When you invest in a mutual fund or exchange-traded fund, you are essentially paying for the services provided by the fund manager. These costs can eat into your returns over time, making it crucial to minimize them as much as possible. One way to keep costs low is by investing in low-cost index funds. These funds track a specific market index, such as the S&P 500, and have lower expenses compared to actively managed funds. By investing in index funds, you can reduce the amount of fees you pay, allowing you to keep more of...
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