These Fees Make a Difference

Investment decisions are certainly a personal matter. But there are some key components to get you off to a good start. Just like Baskin-Robbins has 31 flavors of ice cream, financial companies also offer a wide array of ways to invest - some which are more cost effective and have lower fees than others.

Posted in Money & Credit on Monday, March 5, 2018

^{Over the years, I've tried multiple strategies to enhance my investment returns. I attempted market timing, trading specific stocks which had "hot products," and I'll certainly never forget my "wagers" on penny stocks.}

Chasing returns was never particularly successful for me. Some time ago, I adopted the "KISS" (keep it simple, Sherlock) principle. While still considering asset allocation relative to my percentage of stocks, bonds, cash and market sectors, I now avoid emotional investing, particularly as I am often unable to explain (much less control) the rise and fall of stock prices.

I now purchase a few indexed funds that provide great diversity in various market sectors. Best of all, the costs/fees associated with them is minimal. Fees on some investments can vary significantly over time and can greatly alter your total return.

On a monthly basis, I invest in each of these categories since they are part of my retirement account. With the power of compounding and the ability of these funds to grow in a tax-deferred setting until retirement and redemption, they should add up to a "pretty penny."

Deep These Things in Mind for Your Financial Future

• Start early
• Save regularly in a tax-deferred vehicle
• Utilize low-cost funds

Last, but not least, find a good financial advisor who can help you make the most of your hard-earned dollars.