Pay attention to costs from "summary" of The Bogleheads' Guide to Investing by Taylor Larimore,Mel Lindauer,Michael LeBoeuf
Keeping a close eye on costs is paramount when it comes to investing. Costs have a direct impact on your investment returns, as they eat into your profits over time. This is a critical concept that every investor should understand and prioritize. Fees and expenses can significantly reduce your overall returns, especially when compounded over many years. Even seemingly small costs can add up to substantial amounts over the long term. It is crucial to be mindful of these expenses, as they can make a significant difference in how your investments grow over time. One common area where costs can eat away at your returns is through high management fees charged by actively managed funds. These fees are typically higher than those of passively managed index funds, which aim to replicate the performance of a specific market index. ...
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