I would hope at this point it is very common knowledge that mutual funds can be, and often are, more expensive than index funds. However, my gut tells me that there is still work to do to inform the layperson investor that fees do matter and there are simple things that can be done to minimize the impact of those fees on your portfolio. Here is a video that explains just that.
Pretty simple but powerful message - you can save a good chunk of your hard-earned money by using low cost index funds. Check your mutual funds today and take a look at the management expense ratio. If it is higher than a index fund, then you have some action to take.
This article was written by The Dividend Guy. You may email questions or comments to me at info@thedividendguyblog.com.
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