Keep costs low to maximize returns from "summary" of The Investment Answer by Gordon Murray,Daniel C. Goldie,Gordon S. Murray
The importance of keeping costs low cannot be overstated when it comes to investing. Consider this: if you have two investment options that offer the same return, but one has higher fees, which one would you choose? The answer seems obvious - the one with lower fees. Costs can eat into your returns over time, reducing the amount of money you have available for future investments. This is why it is crucial to be mindful of expenses and choose investments with low fees whenever possible. By minimizing costs, you are essentially maximizing your returns. This means you ca...
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