That site saved me about $ 400 per year in fees by showing me high fee accounts where I could
find lower fee options.
No, there are ways to
find lower fee options that will keep more money in your portfolio and, better yet, it's not that difficult to find those cheaper alternatives.
In this post from reddit's personal finance thread, one user gets an interesting reply to a question
about low fee options.
In your self - directed portion of your portfolio, take some time and
find lower fee options to any mutual fund or ETF investment.
Over time, the industry will do a better job servicing investors who seek out
low fees options.
You shouldn't always opt for
the lowest fee option without assessing what you get in return for what you pay.
The more people like you who move to
lower fee options, the lower fees will become across the board.
No, there are ways to find
lower fee options that will keep more money in your portfolio and, better yet, it's not that difficult to find those cheaper alternatives.
That site saved me about $ 400 per year in fees by showing me high fee accounts where I could find
lower fee options.
If you're looking for
a low fee option talk to your super fund about whether a MySuper account is right for you.
If you find that you are not consistently maxing out all of your tax advantaged savings, you need to focus on taking advantage of
those lower fee options first.