What is the impact of expense ratios on investment returns?
An example of an AI chatbot conversation about expense ratios and their effect on returns.
What is the impact of expense ratios on investment returns?
Expense ratios represent the costs associated with managing an investment fund. Higher ratios can reduce your overall returns.
Can you give me an example of how a 1% expense ratio affects my investment?
Sure! If you invest $10,000 with a 1% expense ratio, you would pay $100 annually. Over time, this can significantly reduce your returns.
How do I find the expense ratio of a fund?
You can usually find the expense ratio in the fund's prospectus or on financial websites that track mutual funds and ETFs.
Are there any funds with low expense ratios that you recommend?
Yes, many index funds and ETFs typically have lower expense ratios. It's best to compare options based on your investment goals.
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