What is an Expense Ratio? The Fee that Kills Investments

[@Fingolfin3423]

One of your best videos. I still use it in my classes when we get to mutual funds.

[@HonestFinance]

If you liked the video, give it a thumbs up if you feel the need :) Watch more investing videos: kzbin.info/www/bejne/Z6u4pmWDg6-FkMU

[@HonestFinance]

Look into vanguard etf’s . They’re very cheap

[@londonkhareem6515]

Jason, thank you for simplifying etf fees 🙏🏾

[@HonestFinance]

You’re welcome!

[@williamnorried2193]

Having this very discussion with Fidelity. Thanks for the clear explanation.

[@CharlieJ2588]

I think Fidelity’s expense ratio is lower now than vanguards, but I realize this video is from 2 years ago and things are always changing 👍🏼 great information and well explained!

[@CharlieJ2588]

@Jacob Thomas Fidelitys FXAIX is currently at .015% I guess they knew they had to start becoming competitive, I personally love vanguard but they should bring theirs down to .015% also or hopefully even lower 🤞🏼

[@brianrockette1634]

What do you think of FELG which has an expense ratio of 0.18% but the returns seem so far significantly higher? I'm thinking that a slightly higher expense ratio is an investment if the investment generates higher returns.

[@stockplan]

Jason a great job explaining expense ratio excellent job, I just subscribed this guy is awesome

[@gopikashah]

thank you for the simple & short explanation :)

[@HonestFinance]

No problem!!

[@ResourceTalks]

I still enjoy those simple explanations, I'm sure they help out a lot of people! Great job doing that!

[@HonestFinance]

Everybody needs a basic understanding. Thanks for the comment

[@HonestFinance]

Do you like the new thumbnails??

[@GreatWarriorKing]

@@HonestFinance , Please, please HELP me! Could you PLUH- EASE Show us exactly how you did the math in this video!?!?!?!? I'VE ASKED a MILLION people, and NO ONE KNOWS! !!!!. PLEASE PLEASE PLEASE PLEASE! !!!!!!!!

[@annabonanno5200]

This is why I changed to VOO from SPY. I still own both, but higher percentage in VOO.

[@Bladerunner2045]

Thanks for your expense ratio information Jason!

[@sawwaa]

Thank you

[@danidelavega8331]

VERY GOOD AND HELPFUL VIDEO, EXCELENTE AMIGO.

[@HonestFinance]

Thank you

[@jingyiyou3215]

I have a question, I know that ETF/mutual fund charges expense ration annually. If I purchased 100USD some ETF with 1% expense ratio, the first-year cost is 1 USD. After 1 year, my ETF worth 120USD, so when they calculate the second-year expense ratio, would it be 1 USD or 1.2 USD?

[@HonestFinance]

It’s be 1.2 the second year

[@Blade181]

I appreciate your channel big time. :) u r very aware of ur subjects. Im in Sherbrooke qc. Canada and if ever u have specific detail that Qc. Can. Have ,please let ur canadian fans kno.

[@HonestFinance]

Sounds good, thank you

[@isassirius2520]

Thanks for sharing! You helped me clear some doubts I had

[@tylerjohnson1368]

Is an expense ratio and management fee the same thing?

[@HonestFinance]

The expense ratio is everything and will include the management fee inside it

[@morphorod]

Thank you for the simple explanation. Much appreciated.

[@HonestFinance]

You’re welcome

[@elenap9489]

Thank you for this explanation! You explained it so clearly

[@HonestFinance]

You’re welcome. Thanks for watching

[@BT-jm3ww]

Thanx Jason!

[@darinswafford7586]

How would I do the calculations on the 100 per month for 40 years 10 percent increase???

[@HonestFinance]

Just plug the numbers in a loan calculator and it’ll calculate compounding interest

[@chefls1]

Great video! Thanks for sharing 👍

[@tomcat172002]

The expense ratio is not taken out of the money you invest but it is taken out of the returns of the fund. If you invest $1000 and the fee is 1.5% and it goes up say 10% then your return is actually up 8.5%. Do expense ratios drive fund performance? If an active managed funds beats an index fund then isn't total return the best way to pick a fund?

[@HonestFinance]

Total return is what to look for, but generally actively managed funds don’t well enough to compensate

[@dillonlboyer]

@@HonestFinance Actively managed funds can be a boon if your 401k company has a good selection. Currently my retirement package has Vanguard 500 Stock Market ($0.04 exp) and T. Rowe Price Blue Chip Growth ($0.65 exp) in the large cap growth category. Over the last 15 years TRBCX has returned ~12% while VFIAX returned ~9%. If returns hold steady over the next 30 years, a $100k 401k in TRBCX would incur $800k+ expenses over VFIAX's $24k expenses, but that extra 3% of ROI over 30 years would almost DOUBLE the final $100k portfolio from $2.5m to $4.5m! I think the moral of the story is: do your homework with your selection of high performing funds. Actively managed funds can be a great diversification asset if your company has good ones to choose from. If you think they will continue to outperform their nearest index fund category by 1%-2%, they might be worth looking at.

[@HonestFinance]

Very true. Thank you

[@brianrockette1634]

What do you think of FELG which has an expense ratio of 0.18% but the returns seem so far significantly higher? I'm thinking that a slightly higher expense ratio is an investment if the investment generates higher returns.

[@joshpill6933]

If you are reinvesting dividends and the yield is 4.60% and the ETFs expense ratio is 0.30% could that be looked at as if the dividend yield is just 4.30%?

[@MysteryUnfold]

Beautifully explained video. Thank you!

[@HonestFinance]

You’re welcome

[@mbastos1000]

Great information! Thanks. Subscribed

[@HonestFinance]

The Time Lapse Factory You’re welcome. Hope you like the channel :)

[@virgilwalker8002]

Great Video bro, i also highly recommend Fidelity too.

[@rendaw79]

Thank you! Great explanation

[@SamirNYC]

My retirment account showing 0.08% in gross and net expense ratios. Is this good or bad? Thanks

[@kimchiandcandy]

Thank u so much information

[@tonebanderas]

hi, good explanation. do brokers automatically charge the ter annually? is it charged when the dividend is reinvested, for accumulative etfs?

[@monito24ful]

Ty bro just switch from.27 to.1 man …I was lost now I’m awake wide awake

[@vaggo9611]

nice video, well expained

[@HonestFinance]

Thank you

[@TXC-Zing]

Nice break down!!

[@HonestFinance]

Thanks

[@tanukaushik5062]

Hi Honest Finance, thanks for education. I have NOSGX which is mentioned as NTF (No transaction fees). I see the net expense ratio as 1.00%, while gross expense ratio as 1.14%. It seems like VOO would be better than NOSGX as well as CHDEX?

[@HonestFinance]

That ratio is high. Do they offer voo?

[@maplelaugh420]

Subscribed! Question- is AOA with an expense ratio of 0.25% still worth it?

[@HonestFinance]

Ya if it performs well. .25 isn’t very high

[@arnoldomonterroso8417]

Does individual stocks also charge fees? ( expense ratio ? )

[@HonestFinance]

No. Just groups of assets like mutual funds and ETF’s

[@77zarick]

I've seen that keeping it all under .5 ger .4max is a good thing to follow across the board and scaling turn over rate to pretending ger is whole percentage the turn over% should be greater then the expense rate example .25 is 25

[@RealLifeMoney]

Simple yet important concepts. These expense ratios usually make funds under perform the market which is the exact opposite of what they are trying to do :o

[@HonestFinance]

Ya. Mine is 3% with my 401k match and I hate knowing how much of a rip it is

[@arlokkkk]

@@HonestFinance I checked my 401k and I don't see a expense ratio there.

[@HonestFinance]

You might need to check the details or call them

[@thisizdub]

Great job. simple explanation

[@HonestFinance]

Hey thank you very much

[@izik6894]

Love this content! Thank you. I have a question, I want to rollover my old pension plan to some Ira and checked jp Morgan they are charging 1% fee is that in addition to expense ratio per fund? Would you recommend to go with them or better open up with vanguard or fidelity? Thx!

[@HonestFinance]

That’s probably the expense ratio. Vanguard will be much cheaper

[@onlya1172]

So is pey a good one ? Or no

[@Bill123321]

Good explanation, well done. Question: would you recommend a fund of 30% average return and 0.70% expense ration over 12% return S&P 500 with 0.04% expense ratio? Thanks.

[@HonestFinance]

30 is always better than 12 even with the fee, but there’s probably more risk too

[@Bill123321]

@@HonestFinance Agree. I was looking at Fidelity PRJIX. Although expense ration is 0.65 the average return is relatively high with some exception in 2014 and 2016 when S&P 500 outperformed PRJIX. Thanks.

[@JML1987]

My mutual funds average 7% higher in the 5 year return and a 3.5% higher 10 year return compared to the index fund options. The mutual fund expense ratios are 0.67% and the index funds are 0.02%. Plug those into a calculator for 30 years of what I'm contributing not even counting raises, the mutual fund will come out on top by $700k.

[@photographybydaniellee]

Thank you so much for sharing!

[@clintonstone324]

Great simple explanation!

[@HonestFinance]

Thanks. It’s something that is really important to understand

[@adrianbarrera385]

Is .5% expense ratio to high? What number should I stay under?

[@roberthorwitz8607]

How much do fees really matter. I have to move my mutual funds from one company to another. I have a choice of going with Target date funds that charge .12% expenses or a Target date fund that charges .53% fees. The 10, 5, 3, and 1 year historical returns for the more expensive TDF return just over 1% better sometimes more over time. One is indexed the other is managed. If the Managed TDF does better then the Indexed does this offset the more expensive one or is it just better to go with Lower fees.

[@HonestFinance]

It can offset, but I’d just go w indexed

[@chadj.w.anderson5473]

Thank you. Subscribed.

[@HonestFinance]

Welcome to the channel!

[@miguelalvarado1464]

Question! How do they get paid? Where, how, when am i charged?

[@ChaoticWolf180]

Would you sell the mutual funds now or wait to get the dividends first then sell them?

[@bryanmcb19]

What would you recommend to invest 15k into that has low risk ?

[@michaelscott181]

Thank you!

[@HonestFinance]

You’re welcome

[@jontattum1476]

Very helpful vid!

[@catlove8302]

How do you come up with $558,842.00 ? I am calculating $52,800 -$211(expense ratio) =$ 52589

[@loaf7620]

Can you explain how and where the fees are deducted from for an etf? Are they adjusted in the share price? Will I actually have to pay money for it? Also what do you mean by compounded, like does the expense ratio get higher?

[@thisaintwhatyouwant3233]

Great video Jason

[@dd-ow6pe]

if i invest $70,000 in tqqq (.95% expense ratio) hold it for 10 days, sell it for capital gains .. no dividends received .. is there a fee?

[@donaldlyons17]

As long as one wants the services how else can they get access without paying the fees. Plus why do people care about missing some money when they make more than enough anyway. It is like me saying I could make 2,000 or 2,400 (with more stress) but the issue is if I want no stress I just will make less. Well given the option I would for sure loose $400 a year in exchange for no stress in the process. Why is investing any different?

[@HonestFinance]

Because it’s not too stressful once you understand the basics.

[@donaldlyons17]

@@HonestFinance What that does not sound like greed to you?

[@ChrisG-ez3vs]

Thanks

[@mikerussom4362]

Does the expense ratio deduct from your contributions only or you contributions plus earnings?

[@HonestFinance]

Contributions and earnings

[@vahnc373]

So would I still have to pay an expense ratio if I bought an ETF on robinhood?

[@HonestFinance]

Yes, but they’re usually very cheap. VOO is about .04%

[@humbertomendoza8265]

@@HonestFinance Actually is 0.03%

[@UriSala]

Thanks for a great video! I have two option and I am trying to find out which one is better: A fund with 0.18% TER, or an ETF with 0.12% TER + 0.5%valutaspread...Thanks!

[@Wolf-sb2fk]

I have FXAIX AND VWUAX thoughts ? FXAIX : 0.02%- VWUAX 0.28%

[@amplifiedbible07]

great vid. very informative!

[@HonestFinance]

Thanks. Watch my new one if you care for more info on the subject. kzbin.info/www/bejne/g3a5nIB5psl7jqs

[@dwighttaylor5107]

What an eye opener thanks.

[@HonestFinance]

No problem. I freaked when I found out that my 401k charges 3%.

[@punknhead23]

@@HonestFinance 3% across the board? Isn't there several funds to choose from which you can choose one with a lower ratio? We have about 9 funds to choose from plus multiple Target Retirement Date Funds. All the Target Funds have a .09% The others range from 1.27% to .057%

[@ezcanor8262]

So from what im getting at is that ETFS are the way to go at least in my case since im still new to investing. Plus im also 22 and i want that long term growth.

[@HonestFinance]

ETFs are my favorite, but that’s my opinion

[@arlokkkk]

​@@HonestFinance If I can afford the mutual index fund equivalent of VOO is better to go that way right? So that would be the Vanguard 500 Index Fund Adminral

[@HonestFinance]

VOO is vanguard. That’s the one I like, but there are plenty to choose from

[@arlokkkk]

@@HonestFinance thanks for the reply. Vanguard 500 Index Fund Adminral is the Mutual index fund equivalent of VOO etf. So I'm between investing in a mutual index fund or ETF :/

[@Manatti06]

Mutual funds can bring good returns. Check the research on their YTD, 1, 5, and 10 ROR. You can always start with a real good Mutual Fund BIAWX and once that money grows, begin to sell but we're talk like over 50,000 give or take. Diversify, have some in Mutual Funds, ETF', Index Funds, ETC and maybe a single stock or 3. Mutual Funds are good, get one with like a .75-87 interest rate.

[@morphorod]

What are your thoughts on Fidelity’s index funds? They charge no expense ratio.

[@jeffenriquez9929]

So MER is charged once a year on the total value of your account?

[@Almitelahun]

I liked this video awhile back and came back again to refresh my mind about ER. You rock!! TNX

[@snowing1244]

How. Much is a 0.60 expense ratio

[@HonestFinance]

It’s 60/100 of 1%. So $10,000 invested would cost you $60 per year (which is a bit expensive)

[@lj9970]

Fidelity vs vanguard do you recommend one over the other

[@HonestFinance]

Vanguard for me because they’re funds are so cheap

[@enufots4621]

I have a 401k retirement account with Fidelity. I'll give you an indirect answer...it took 3 of Fidelity's representative to tried to answer "Where did this lump sum on my statement stated as "Dividend & Interest" go?". The 1st person to answer the phone doesn't have a clue and says they will forward to a license broker or something, the broker doesn't know and forward my call to a 3rd person, the 3rd person tries to send me back to the expert, but I told him I was forwarded by him to you. After 10 or 15 minute of him trying to get the answer, he says you should be able to get this from your company. Fact is I've had this experience before and the company would direct me right back the company managing the company's retirement plan - Fidelity! Btw, by logging into Fidelity website and checking the transaction history you can get a little more detail than just a Dividend dollar amount from your statement. The transaction history simply gives you a dollar amount and the number of shares. A little bit better but when you ask them how you came up with that dollar amount (ie what was the dividend payout per share?) and what is the NAV you used to calculate the number of shares? That was when i had to wait those 15 minutes. LOL Luckily i just had one large target fund in that account and looked up the dividend and the NAV on the day of that payout for that fund on the INTERNET. Turns out it was was from so many cents (i.e $.15/share) dividend and some more from a short & long term capital gain for a total payout like $.81/share. i multiplied it by the number of share i had before that statement period and it matched the dividend dollar amount in their transaction history. One answer down, one to go! On that very website, it provide the NAV (price of the mutual fund on that dividend date) and it was a simple matter of the taking the dividend dollar amount and dividing it with the NAV and the number of shares came out to match the number of shares in the transaction history. I then told the Fidelity representative how I figured it out. You now have my answer!

[@melodybrowser2798]

0.65% is that high?

[@Mistyfgdf]

So i havnt invested yet but soon SPHD is eye catching (Monthly high dividend and cheap cost per share) So based on this video the .3% Expense ratio is bad in the long run Should i just buy maybe 1k for now, but in my portfolios life not go past idk, 10k in SPHD? As long as i dont go over board with that specific etf i should be fine? After either that 1k or 10k cap, Ill switch to VYM for example, seems like a good growing etf and it has a .06% expense ratio

[@HonestFinance]

Compare the results rather than the expense ratio. If .3% has better returns, then of course it makes sense

[@lipebflexin1125]

How did you do the math on the last part with the $100/month, 40 years, 10% interest and .04% expense…… having a hard time getting to the answer

[@HonestFinance]

Just use 9.96% in the equation

[@angelalicea4753]

Jason, thanks for the explanation. What about sell cover calls to maximize that investment return and neutralize that expense ratio?

[@xkorterable]

What’s about ARK ETF expense ratio ?

[@Tonysav6312]

I’ve watched so many videos and I still don’t understand :/. If I have 100,000 in 2 stocks with let’s say a .05% ratio and .50% ratio. At what point do I lose the money the %s take? When I sell? The math makes sense, but I can’t quite make sense is when do I lose that 5000 vs the 50000? Thanks to any help

[@HonestFinance]

That’s a good question. They take it out of your total return from all your assets , so you’ll never really see it . If you had .50% expense, and your shown return was 10%, then you’d know it was really 10.5%

[@Tonysav6312]

Honest Finance So if it’s taken out of your assets with the .50% ratio and 10% return, why is the actual return 10.5% and not 9.5%? Im a little lost on that part. Thanks for your previous response!

[@rodrigohernandez-rp9qq]

what if the expense ratio of an index fund is .89 but the predicted growth is 12%. it seems to me it would make sense to own this stock because 12-.89= 11.11. this growth seems really good. Assuming that the level of risk is about equal. Is there something else I should factor in? thank you.

[@HonestFinance]

That makes sense if it’s projected to beat the SP 500 including the expense ratio

[@Manatti06]

If I'm not mistaken the SP 500 avg about 10% the last 90 yrs. You can find many Mutual Funds that have avg. 12-15% the last 5-10 yrs alone and even higher. Keep researching your portfolios. And diversify.

[@mattjonathan7412]

My mutual fund has averaged 17% last 10 years but I just realized it has a .48% expense ratio. Is that terrible ? I might start getting into a large growth cap fund that has similar gains but is .03% returns

[@sneakerhype8899]

Looking at the total returns are more important. It doesn’t make sense to switch to a fund that’s returned less than 17% in your case just because the expense ratio is lower.

[@abaddy91]

Can u explain how u calculate the 619 ?

[@heard3879]

Does this mean that money I’ve got in my employer’s 401k system is being charged an annual expense ratio? How would I even find out?

[@HonestFinance]

Yes. Ask the investment company or look it up online.

[@punknhead23]

Are you tracking your account on line? All investments performance and fees in your 401k account should be available to you. If you are having a hard time finding it. Talk to your benefits coordinator or HR manager.

[@balrajvishnu]

What I heard is that the returns projected in the past yrs on a fund is after the expense ratio - is this true? Therefore expense ratio is justified if the fund performs well ?

[@HonestFinance]

Yes it’s true. If they perform better than the SP500 , then go for it

[@lexusolution]

If the total return is better are you not getting more money overall even though you are paying a higher expense ratio ?

[@HonestFinance]

If you made 12% with a 2% expense then it’s like you’re making 10%. So if the overall market did 9% , then the option with an expense ratio would be a better choice. Does that make sense?

[@lexusolution]

@@HonestFinance yes i think so thanks

[@jimhandler1129]

When choosing a Vanguard fund: Is the expense ratio already factored in when determining the average annual return percentage or would I subtract the expense ratio from that %. Thank you.

[@Amicoskates01]

It is included in the return

[@amilsarfraz5756]

I like to buy ETFs. So just so I understand, how am I paying the expense ratio? Does it come out of the value of my ETF every year? Like suppose the expense ratio of my ETF went from .95 to 0. Does that then mean the value of my ETF would go up an extra .95% more than it already is?

[@HonestFinance]

I think they just come out of the value of the ETF automatically, but honestly it’s a little complicated on the math side for ETF’s. One thing I do is look up the ETF on yahoo finance and it’ll tell me the current expense ratio and I just figure it comes off the returns of the ETF, but I might be wrong. Sorry I’m not much help :(

[@seanoconnell1380]

Have you figured out the answer to this yet? Let's say I use interactive brokers and just buy SPY. It's just like buying and holding a stock so how does that expense ratio come into play?

[@Wongo150]

The highest expense ratio I have is .89% is this bad? I’m new to investing so I’m not sure what’s a reasonable expense on index funds.

[@sneakerhype8899]

Well first take a look at the past returns, a higher expense ratio doesn’t mean it’s bad or good. Each fund is managed differently and has different goals, and at the end of the day the total returns is something that is more important.

[@XShadesXMusic]

So I’m 23 I want to invest about 400 dollars a month into voo are fees and taxes gonna eat me alive?What you just talked about kinda scared me a bit lol

[@intellogo]

Q: What if the ETF stock becomes illiquid and if there may not be sufficient buyers of that ETF when investor redeems their 100% investment after 25 yrs??

[@exaucemayunga22]

How much will an E.R of 0.95% cost me in the long term?

[@JacobBrownacro]

I thought the expense ratio was the fund managers cut of the yield. If ETF yields 10 percent then fund manager gets .03 percent of 10 percent, but I think I was wrong about this. I believe you are saying that expense ratio is a fee on the total amount invested, so if I invest 100 dollars then the fund manager gets 3 cents, and this would be true even if the investment remained flat, because the expense ratio is a charge on principal, not on yield. Is that right?

[@tacosmexicanstyle7846]

I’m 8 months late but yes, except the fee is taken off the current market value of the fund on an ongoing basis. Every year the fund will have liquidated a percentage of its assets (say, x%) and pocketed it. The percentage they liquidate (x) is equal to the expense ratio. This means that there is less wealth in the fund shared between the same number of units issued, so everyone’s wealth goes down by x%. That means that every year, you pay approximately: x*market value of your investment/100 eg. I bought 135 units of an ETF exactly one year ago at $35. The current price is $40 and the expense ratio is 1.5%. The fee I paid based on this price would be: Market value = 135 x 40 = $5,400 Fee paid = 1.5 x 5,400 / 100 = $81 So only the market value matters. The fees are charged on an ongoing basis, so it’s hard to determine exactly how much in dollars you pay. This is why they just publicise x% per year. You could use the maximum price the ETF reached during that year to determine an upper-bound for the dollar amount of course. Eg. If the maximum price was $41, the maximum fee you pay is $83.03

[@rrrr3111]

@@tacosmexicanstyle7846 Thank you!

[@michaeldonnally3813]

JASON IS MY MAN CRUSH

[@jackstraw5527]

This guy looks like Reese from malcome in the middle.

[@user-wx5rs3kv5k]

Man just saved 187k I wish I could like this 187 times

[@jaywalker6273]

Say Charles Schwab 5 times really fast... Ok 3 times... Ok just once...

[@HonestFinance]

I feel ya. I never know how to spell it

[@jakejohnson170]

I agree with a few points but overal absurd and creating tunnel vision for inexperienced investors. You are assuming the high expense mutual fund is performing at par or below the ETF. You can easily out perform indexes with mutual funds and also render expense ratios a mute point by simply finding a fund that out performs the ETF. Rate of return is net expenses so higher rate of return on high/low expense mutual fund = more money than a low expense or no expense ETF and/or vice versa (Told you I agree with some). You need to be looking at a lot more than just expense ratios. Don't sacrifice suitability because of expenses on money you don't have currently. Additionally everything cost, can I turn $1 into $10 by doing nothing ? Maybe but if I can turn $1 into $11 and pay $1 for access who cares. I woulda only had $10 the other way too See my point? And additionally, To say that $1 could been $50k, well you aren't wrong but I didn't have it anyways in scenario one so I also lost out on $50k either way... ugh lol like wtf. Invest appropriately, consider both sides and make informed decisions, by doing this fees won't impact you nearly as much as this videos scares.

[@tuanvu6218]

Expense ratio as 0.04% with 9% return Vs. Expense ratio as 0.75% with 13% return, same amount within 30 years, which one is better?

[@HonestFinance]

.75% and 13% is better

[@kasinski123]

what's the vol for each of those alternatives?

[@kiraxharris1]

I think this advice is dangerous. The truth is most people don't understand and aren't knowledgeable or active enough to manage their investments well. We make emotional financial decisions and that fee is worth paying for an expert to manage your money. The other thing to consider is working with a professional and paying these fees is PROVEN to help families/households accumulate more wealth and assets by upwards of 4x someone that does it themselves or transactional with the bank. You also need to consider that when it comes to withdrawing your investments for your retirement income or emergencies, you need to be very knowledgeable about how to properly withdraw your money so it doesn't get eroded to taxes. This means that your accounts and investments have been proactively set up correctly in advance through expert planning - considering that you will have various types of needs in your life and require access to your money. Lastly, having someone proactively plan for your taxes each and every year before retirement and during retirement is likely going to keep more money in your pocket than what your investments returns are. This is such a huge value of working with a financial planner that is rarely recognized.

[@jonathanwitt4439]

Definitely biased. There are plenty of mutual funds that outperform the market by well above there expense ratio and have for a 10+ year amount of time. Good explanation of what an expense ratio is, but having them isn’t always a bad thing.

[@HonestFinance]

I agree. If they outperform, pay the fee :)

[@martinlutherkingjr.5582]

What a scam

[@edgar8201]

You’re a kid - who probably hasn’t been in the game 10+ years. What could you possibly know? You’ve got a lot to learn.

[@GreatWarriorKing]

Please, please HELP me! Could you PLUH- EASE Show me exactly how he did the math in this video!?!?!?!? I'VE ASKED a MILLION people, and NO ONE KNOWS! !!!!. PLEASE PLEASE PLEASE PLEASE! !!!!!!!!