I've posted on this topic before, but it's one of those that's worth covering over and over again. This time, we'll highlight an article from Kiplinger's that notes by keeping investment costs low, you're helping your returns to be higher. Here's their summary of the piece:
The old adage that you get what you pay for doesn't apply to investing. Indeed, some of the lowest-priced investments produce the most sparkling returns -- largely because every nickel you save on fees goes straight into your pocket.
And the investments that they recommend as a result:
Among mutual funds, for example, index funds offer some of the best deals around.
Yes, this is one of the reasons that I like index funds -- their low costs lead to great returns.
Comments