ilmscore | Prediction Details
"if you have a 1% fee you're not going to end up with a million dollars you're going to end up with right around $750,000 because a small little 1% fee isn't just a 1% fee you pay once it's a 1% fee you pay on every dollar that you invest which means you have less money invested and then every dollar that your dollar grows to each and every year so now you're compounding your money but you're also compounding your fees over the entire course of reinvestment"
By Minority Mindset | April 14, 2024 | Pending
From video
Why You NEED To Invest 15% Of Your Paycheck To Build Wealth - Jaspreet Singh 00:55:53 - 00:56:32
Interpreted Prediction
A 1% fee on investments can reduce potential returns significantly over time due to compounding, potentially costing hundreds of thousands of dollars on a million-dollar portfolio.

Prediction Details

Topic
Investment Fees

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