When you’re just starting out with investing, understanding the various fees and expenses associated with your investments is crucial. These costs can significantly impact your returns over time, so it’s important to know what you’re paying for and why. Being aware of the different types of fees can help you make informed decisions and avoid surprises.
This comprehensive guide from FINRA breaks down the different types of fees associated with investing, including transaction costs, advisory fees, and ongoing expenses. It’s a must-read for anyone looking to invest, helping you understand the true cost of your investments and make smarter decisions to maximize your returns.
