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Harry Sit’s Followers (1)
Harry Sit
Taking Risks That the Market Decides to Reward
The best investment strategy is to take risks that the market decides to reward. Somebody, somewhere, is always saying something about how much the market will reward which risks. Knowing who to listen to and when makes a big difference.
GoldA reader asked me back in February whether I wasn’t against investing in gold. I said I didn’t have gold in my portfolio, but I wasn’t against it. My problem w
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My Financial Toolbox: The Nuts and Bolts of Managing Your Money
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Explore TIPS: A Practical Guide to Investing in Treasury Inflation-Protected Securities
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* Note: these are all the books on Goodreads for this author. To add more, click here.
“1% or 2% sounds small until you multiply it by the size of your investments. 1% on $500,000 is $5,000 per year, every year. 1% on $1 million is $10,000 per year, every year. As your investments grow with the market, the fees automatically grow. Especially for retirees with large accumulated assets, paying a percentage of investments is very expensive.”
― My Financial Toolbox: The Nuts and Bolts of Managing Your Money
― My Financial Toolbox: The Nuts and Bolts of Managing Your Money
“Although both 0.1% and 1% look like small numbers, paying 1% versus 0.1% makes a big difference over one’s lifetime. If you invest $10,000 a year for 40 years, and you pay 1% a year versus 0.1% a year, all else being equal, you’ll have 20% less at the end of 40 years.”
― My Financial Toolbox: The Nuts and Bolts of Managing Your Money
― My Financial Toolbox: The Nuts and Bolts of Managing Your Money
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