Keep your fees low

Keeping low fees is one of the keys to long term wealth accumulation

Your ability to grow your wealth via investing is based on 3 factors:

1. Investment return

2. Tax

3. Fees and other costs

You can’t control investment returns, but you can generally control tax and fees.

The compounding effect of high fees over time

If you achieve a solid 7.5% return on your investment, the following table shows the effect various fees will have on the growth of an initial investment of $100,000: