Volume 2 / Issue 3
HERE’S THE THING!
Ask an investor friend of yours to tell you how much she is paying in fees and costs for services provided by her asset manager. And if she gives you a sensible answer, ask her to distinguish between custody, transaction costs, investment management and other fees and costs. And if she gives you a sensible answer ask her to explain the implications of those fees and costs on her long-term wealth accumulation.
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