Investing for Retirement: Controlling Your Costs
The greater your investment costs associated with financial intermediation, the less you ultimately receive in savings. These costs may include brokerage commissions, sales loads, management fees, financial advisory fees, bank trust department fees, advertising costs, and lawyers’ fees. You cannot beat the market because it is a zero sum game. Financial intermediation means that beating the market is a loser’s game. Continue reading Investing for Retirement: Controlling Your Costs
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