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.
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.