In fact, NerdWallet analyzed the long - term impact of
seemingly small fees on returns, and found that «1 percent in fees could cost a millennial more than $ 590,000 in sacrificed returns over 40 years of saving.
Advocates say
the seemingly small fee can be insurmountable for some, and they are lobbying Congress to eliminate it.
A seemingly small fee can add up to huge sums.
Not exact matches
Yet, most investors continue paying investment management
fees that — while
seemingly small — easily siphon away 33 % of their wealth over 15 years.
Even a
seemingly small annual
fee such as 1.27 %, the average U.S. mutual fund
fee, can take away almost 30 % of your investment return when compounded over 10 years.
There may be many
seemingly small costs associated with this however — including monthly charges, annual charges, special balance transfer
fees, cash advance
fees, convenience
fees, and overdraft
fees — that can make a balance transfer more expensive than it is worth.
Unfortunately the impact of these
seemingly «
small»
fees doesn't seem to get through to nearly enough people.
The
seemingly small 2.5 % annual
fee sucked up more than half of your gains.
Over a long enough time horizon,
seemingly small differences in expense
fees can add up and make a big difference in your portfolio.
The
seemingly small 2 % difference, similar to equity mutual fund
fees, compounds to represent twice the difference.