Management Fees Are Harmful For Your Profits
Management Fees Are Harmful for Your Profits
If you invest in a fund that’s professionally managed by an investment manager, chances are you’ve incurred a dreaded management fee. Management fees are simply charges that the investment manager imposes on an investor for managing the fund. The purpose of a management fee is to compensate the investment manager for their time and expertise in selecting stocks and managing the portfolio. Often the fees can include other charges such as investor relations fees, administration costs, and service charges. If you're not careful, though, these fees can erode your savings at a far higher rate than they should, leaving you short of your retirement goals.
To see the entire post click here.