Chart of the Day: Fees go on Forever
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Today’s Chart of the Day from Bloomberg shows the percentage of assets and revenue by ETFs (Exchange Traded Funds), which we use extensively in portfolios. Notably, the ultra-low-cost ETFs that have 0.10% expense ratios or less make up 59% all ETF assets. As Jack Bogle, the founder of Vanguard once said, “Fund performance comes and goes, fees go on forever.”
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