Losing Money?

 “Rule number 1: Never lose money. Rule number 2: Never forget rule No. 1.”
                                                                -Warren Buffet

It’s most likely Mr. Buffet was referring to never losing money through investing. Ever think how much money you might be losing simply to investment-related fees?

Take a few minutes to review the fee structure related to your investments. Really study this and let it sink in for a few minutes. Now, close your eyes and think of the cost. What feelings flood your mind?

Fees are not inherently evil. After all, there really is no such thing as a free lunch. Fees turn evil when they exist for no real apparent reason or are excessively high in comparison to viable alternatives. 

One financial advisory firm has a 42-page document explaining how they are compensated. Do you think you could fully grasp all the fees and compensation - even if you read all 42 pages?

If you aren't working with an adviser, chances are you have a 401(k) or similar plan available to you through your employment. Do you know how much it costs YOU to invest in such a plan?

Vanguard provides a nice, short and sweet analysis on the topic of fees.

Also, consider watching this documentary by PBS Frontline:

Today is the day to begin making sense of the fees you pay!