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The 10 Biggest Money Mistakes

MarkMark
in Other Investing
#9
"Paying Too Much in Fees

Fees are the silent killer. As Dividend Growth Investor once tweeted:
If you invested $1,000 in Berkshire Hathaway in 1965, by 2009 your investment would have been worth $4.3 million.

If Buffett had set up Berkshire as a hedge fund, and charged a 2% annual fee plus 20% of any gains, the investor would have been left with only $300,000.

That’s a 10x difference because of fees!"

ARTICLE HERE

Comments

  • RbrtRbrt
    FYI - David Tepper bought the Panthers a little over a year ago. But saying the Panthers’ owner is the richest man in football is probably still true.
  • CrashCrash
    Maggiulli is connected to Ritholtz. That already serves him well in my eyes.
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