Thursday, September 27, 2012

My Investing Costs

I think reducing costs is one key aspect to investing success. I estimate my costs to invest is around $1430 anually. I break down my costs as follows.

Brokerage transaction fees: $500.
Mutual fund fees: $300.
Magazine subscriptions and books: $300.
Morningstar premium subscription: $130.
Printing costs: $200.
Knowning that I don't pay financial advisors to underperform the market: priceless.

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