Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Personal Finance and Investing

Showing Original Post only (View all)

Quixote1818

(30,434 posts)
Mon Jul 3, 2023, 10:33 AM Jul 2023

The average family pays $155,000 in Wall Street fees on their 401K. Why Index Funds are much better [View all]

I recommend going to around the 21-minute mark of the video where they start dissecting these mutual funds to find all the hidden fees then plug them into a compound interest calculator. Over time they can erode over 2/3rds of what you would have made without the fees. Getting a fee only fiduciary is probably a good idea to help you look into to how you can move your money out of mutual funds and into index funds.

This is information everyone should pass on to there kids and grandkids. Don't let Wall Street rip you off for hundreds of thousands!

4 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Latest Discussions»Culture Forums»Personal Finance and Investing»The average family pays $...»Reply #0