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Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Efficient Retirement Investing
This short article has some thought-provoking items in it. We DIY investors can really waste a lot of $ if we do not pay attention to the little things.
According to a 2007 study by Lipper, taxable mutual fund investors surrendered more than $20 billion to Uncle Sam in 2006. And over the past 10 years they lost 17% to 44% of their load-adjusted returns to taxes each year.
Trading costs, the major internal expense, can be estimated by a fund's annual turnover. Turnover of 100% per year results in additional costs of about 1.0%.
Market impact costs are low in funds holding large liquid stocks, but the cost can rise to over 1.0% per year in small-cap funds with large assets, according to Rick Ferri, an advisor and financial author.
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