Isn't it funny how it takes something catastrophic like a meltdown of our entire economy before the media goes back to "tried and true" ways to save and earn money? People, people -- they're tried and true for a reason. They work in all economic situations. If you ignore them in good times, you'll be much worse off in bad times. But I'm starting to get off topic, so let's move on.
Here's a piece that talks about how to improve your investment returns by keeping investing expenses low. The summary:
One way to stem some of the bleeding in your retirement account is to pick funds that charge rock-bottom fees. A firm's annual expenses eat away at returns. By keeping those to a minimum, investors can keep some of their money in their pockets.
Yep, this is one reason I like index funds -- because costs matter if you want to maximize your investment returns.
I'm about to make a few moves along this line (lower my investing costs even farther), and I'll be sure to update you when that occurs. Stay tuned.
Amen!
It's kind of sad that it takes an economic climate like this one to get people to start saving again, but at least it's happening.
Imagine trying to defend your ideas towards frugality when the "good times" were still rolling. They look at you funny like you're one of those kooks who think that a nuclear winter is on its way.
But hey, at least people will believe you now, and are saving more....
Posted by: ekrabs | October 31, 2008 at 11:09 AM