Andrew Lokenauth on Nostr: If you pay your investment advisor 1% on a $1,000,000 portfolio that grows 10% each ...
If you pay your investment advisor 1% on a $1,000,000 portfolio that grows 10% each year, that’s:
$152,000 in fees over 10 years.
$512,000 over 20 years.
$1.4 million over 30 years.
Fees matter.
Published at
2024-08-25 22:58:05Event JSON
{
"id": "120a393b9ba4f497be07a9b731dc3f013c482f34be64afa9319fd7050857f322",
"pubkey": "7d1f7182342197cd56100bd8ae71d0638635daa26a91adfce41a6ae4b9d55ad1",
"created_at": 1724626685,
"kind": 1,
"tags": [
[
"proxy",
"https://mastodon.social/@FluentInFinance/113025134460031453",
"web"
],
[
"proxy",
"https://mastodon.social/users/FluentInFinance/statuses/113025134460031453",
"activitypub"
],
[
"L",
"pink.momostr"
],
[
"l",
"pink.momostr.activitypub:https://mastodon.social/users/FluentInFinance/statuses/113025134460031453",
"pink.momostr"
],
[
"-"
]
],
"content": "If you pay your investment advisor 1% on a $1,000,000 portfolio that grows 10% each year, that’s:\n\n$152,000 in fees over 10 years.\n\n$512,000 over 20 years.\n\n$1.4 million over 30 years.\n\nFees matter.",
"sig": "548ea50c41809fad885e8df1f28cd154ca70f108aa3513485a92ceae456bc828491ddb3b2d5731eae41a7ebbe2e78d2399b6f086b3e3a053c00fa2120e2d319d"
}