ilmscore | Prediction Details
"if you have a 0.07% expense ratio that means after paying your fees you're going to be left with around 5.2 million in your investment account but if now instead of paying 0.07% you're paying 0.85% with everything else staying the same well now you're not going to pay $110,000 in fees or $100,000 in fees or half a million dollar in fees or $750,000 in fees you're going to be paying about a million in additional fees because now you're going to be left with $4.2 million because that million dollar difference went into your money manager's pocket"
By Minority Mindset | July 14, 2024 | Pending
From video
Investing Mistakes That Will Cost You Thousands - Don't Do These 7 Things 00:16:44 - 00:17:28
Interpreted Prediction
Investing $1,000/month for 40 years with a 10% return would result in $5.2 million with a 0.07% expense ratio, but only $4.2 million with a 0.85% expense ratio, highlighting the significant long-term impact of fees.

Prediction Details

Topic
Investment Costs (Fees)

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