Expense ratio: what 2% a year costs

An expense ratio, the yearly fund fee, is charged on the whole balance, every year, whatever the return. Over twenty years of 3,000 a month, 2% instead of 0.3% costs 220,130 UAH, about half of the growth.

Lesson 23 of 32~19 min of learningIncludes ~11 min for questions and tasks