Quote:
Originally Posted by ishoot308
Not quite sure I understand the math,...are you saying the 1% adds up to 25% over 20 years of your original investment? In other word 20 years ago you started with 100,000.00 after 20 years of 1% fees it has cost you 25,000.00? If so wouldn’t that only apply if you made nothing over the years on your investment?
Dan
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Yes but they take 1% of your assets so if you now have 250k because of interest etc they aren’t still taking 1% of 100k. I think 1% for 20 years is 20%. Not sure were the other 5% comes from. On the other side of the coin if the person makes you a lot more than 1% in gains perhaps his 1% was well worth it.
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