It pays to keep costs low
Minimising costs should be a core focus of every investor’s strategy. Costs and fees can have a dramatic impact on overall portfolio returns, particularly over the longer term. This is because the lower the costs, the greater the proportion of an investment’s return which can flow to the investor and the larger the potential for that money to be reinvested and compound into the future. Put simply, every dollar saved in trading commissions and management fees is an extra dollar available for investment and earnings potential.