What are the fees for ETFs and mutual funds?
An example of an AI chatbot conversation about fees associated with ETFs and mutual funds.
What are the typical fees for ETFs and mutual funds?
ETFs usually have lower expense ratios, averaging around 0.5%, while mutual funds can range from 1% to 2%.
Are there any additional fees I should be aware of?
Yes, mutual funds may have sales loads, while ETFs can incur brokerage commissions when buying or selling.
How do these fees impact my investment returns?
Higher fees can significantly reduce your overall returns over time, especially with mutual funds.
Can I find no-fee ETFs or mutual funds?
Yes, some ETFs and mutual funds have no expense ratios, but always check for other potential fees.
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