Monthly Archives: February 2010

Mutual fund fees cut your life savings in half!

Virtually all mutual funds (aksjefond in Norwegian), charge their customer some percentage of their total account balance at the end of each year. This annual fee is most likely in the 2 – 3% range. This may not sound much, but over the years, it does add up: 0.98^40 = 0.45 0.97^40 = 0.30 What… Continue reading »