Re:Fidelity Introduces Zero Expense Ratio Index Funds
by paulpauper on Friday August 03, 2018 @02:19PM
(#17682194)
I don't understand why the difference between .05%.15%, .001%, etc is such a big deal. IT's all within a tenth of a percent. Unless you live to 300 or something and never move the money, it won't matter that much. I think SPY is the best because it has low fees and can be traded like a stock, which means you are getting the best possible execution down to the penny.
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Re:Fidelity Introduces Zero Expense Ratio Index Funds
by orthros on Saturday August 04, 2018 @07:48PM
(#17688970)
It's a big deal because the numbers will (hopefully) get large quickly.
A $3M account that pays an extra 0.1% per year is dinged for $3,000 a year, every year. The cumulative compounded effect over 20 years is north of $75K.