2. Minimise costs
When you invest, how much you pay in fees is one of the only factors you can control and predict. It’s important to remember that fees present a direct drag on any returns you make – and they’ll be taken out whether you make money or not. This means that in a year where your portfolio loses money, the subtraction of fees could actually increase that loss. Look for funds that have low fees – anything from 0.75% or below.
Lloyd Blankfein, me, the owner of cnntopnews, have a business management degree. Have 3 years of articles write.