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Keep costs low from "summary" of The Little Book of Common Sense Investing by John C. Bogle
Keeping costs low is a fundamental principle of successful investing. The key is to minimize the expenses you pay to own an investment. In the world of investing, costs matter - a lot. They may seem small individually, but when compounded over time, they can have a significant impact on your returns. The more you pay in fees and expenses, the less you keep in your own pocket. The idea is to focus on the long-term, and the best way to do that is to keep costs low. When you invest in low-cost index funds, you are essentially buying a diversified portfolio of stocks at a low cost. This approach allows you to capture the returns of the overall market without the high fees charged by actively managed funds. By keeping costs low, you can increase you...
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