Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The Best Predictor of Investment Success: Cost

The Best Predictor of Investment Success: Cost

Steeple Mba, Law

Paperback

Personal Finance

ISBN10: 1502524082
ISBN13: 9781502524089
Publisher: Createspace
Published: Sep 30 2014
Pages: 68
Weight: 0.23
Height: 0.14 Width: 5.98 Depth: 9.02
Language: English
In every single time period and data point tested, low-cost funds beat high-cost funds. Earn 10-12% with 10 low-cost mutual funds. Diversify in all markets, countries, sectors. Pay NO taxes and NO commissions/loads. You pay less and earn more. According to an unbiased Morningstar study, low-cost funds beat high-cost funds PERIOD. It is a myth of Wall Street that you must pay more for good performance. You are just paying for the Wolf of Wall Street's toys. Other Wall Street myths: Buy low, sell high; manager tenure; proven performer; get in on ground floor; concentrate portfolio. Warren Buffett, the master of investing, disagrees: A very low-cost index is going to beat a majority of the amateur-managed money or professionally-managed money. Mr Buffett said, My wealth has come from a combination of living in America, some lucky genes, and compound interest. Compounding high investment earnings is money earning money on its prior earnings over time. Simple but powerful. The only way to compound our money is to leave it alone and pay NO taxes and NO commissions/loads. Our investments can then compound at 10-12% per year over time. The average investor earned JUST 3.69% instead of 11.11% because of the Wall Street myths-paying higher fees and trading often. Pay less!

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