But a 1-2% Fee Seems Reasonable, Right?
Did you know that if you net 5% in a year and your fee is 1%, your broker has taken 20% of your profits and all the money that you would make for decades after on that amount, PLUS he/she will take that in all subsequent years?
When it comes to saving money, the Swiss are very astute. They hold dear the Power of Compounding Interest principle. Graphs can tell a thousand tales when it comes to your returns and the removal of the power of compounding interest with the introduction of fees. This particular graph is very telling of the impact of seemingly small fees. You can easily see how the various fees effect a portfolio over 30 years. What if we told you that most people don’t know what they are being charged in fees from their advisors let alone all the hidden fees? We charge no fees. Our compensation is built into what is charged to you.v
Though you may not know how to back out how much you are actually paying in fees currently, West Coast Swiss Group gladly educates you on this. We want your business. Here is a look at what the fees are costing you. Only one of many ways we improve your returns more than Financial Advisors and Accountants can. Let’s see just how those itzy bitzy fees decimate returns.
Though this may be discouraging, it is not too late. Be the person that went out and got another perspective and “look” and just didn’t go along with what they “thought” was ok and was kind of working. This is your retirement. Your job is not to trust your financial advisor, it’s to make sure you are getting the best situation for your retirement. We’ll make it yodel….that’s a promise.
I’m a CFO by trade. WCSG has strategies for families, executive & business owners that accountants and financial advisors don’t have. Highest recommendation.
Probate Attorney, As an attorney, my job is to weigh risk. As an investor, weighing risk and reward is even more important. As someone retiring in next 15 years, I wanted to eliminate the risks of a stock market crash. WCSG does this better than any other company.