Are you unaware of the amount of fees you are currently paying on your investments each year? If you are, you’re not alone. Millions of Americans have been sold a retirement plan—the 401k specifically—that can be loaded with the kind of hidden fees that could eat away up to two thirds of the account you’ve spent your entire career building.
In this week’s installment of the David Lukas show, David and Zach are back to further explain the expensive pitfalls of uninformed and uninvolved investing.
Because Main Street has infiltrated Wall Street the amounts of lost opportunity costs are growing daily. Today the average investor’s return equals only around 2-3% and those same investments are susceptible to devastating market losses.
In a recent interview Jack Bogle founder of Vanguard suggested:
If you want to improve your retirement outcome, be sure to minimize Wall Street’s take.” He also states “costs are a crucial part of the equation. It doesn’t take a genius to know that the bigger the profit for the management companies… the smaller the profit for investors. Money managers always want more and that’s natural enough in most businesses—it’s not right for this business. What is supposed to happen in the Fund business is the miracle of compound returns. But that magic is being overwhelmed by the tyranny of compounding costs. It’s a mathematical fact. There’s no getting around it.
Opportunity loss isn’t an inevitable part of the investment process, but it is the most devastating. To minimize your amount of opportunity loss—when it comes to taxes and costs on your investments—call David Lukas Financial today.
When you work with David Lukas Financial, you will learn how to minimize or even eliminate unnecessary fees. Call David today at: 501-218-8880