Wall Street loves fees. You shouldn't. See the true cost of 'small' commissions.
You understand that compound interest works for you, but did you know fees compound against you? A 1% or 2% annual fee might sound trivial, but it isn't simply subtracted from your final total—it is removed from your balance every single year, reducing the capital that generates future returns. Over an investment lifetime of 30-40 years, a 2% fee can consume up to 40% or 50% of your total potential wealth. This is why low-cost index funds (ETFs) often outperform actively managed funds with high expense ratios.
In most purchases, paying more implies better quality. In investing, the opposite is true. Jack Bogle, founder of Vanguard, famously said, 'In investing, you get what you don't pay for.' Every dollar you pay in management fees, advisor commissions, or expense ratios is a dollar that isn't working for you. This tool exposes the massive long-term difference between a 0.1% fee and a 1.5% fee.
See how small fees eat up huge chunks of your future wealth.