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• It's not unusual for mutual fund expenses to be 1.5% per year
         - You can pay a lot less than 1.5% if you use Index funds and ETF's, and they
           are pure asset class
         - You can pay a lot more with separately managed accounts or hedgefunds

• Advisor/broker commissions and fees are often 1.0% or more per year
         - If you actively participate, paying an advisor by the hour can be less than a percent of
           assets, but limits the number of advisors and planners to choose from
         - A percent of assets works better for those can't actively participate
         - Commissions work best for small accounts, but generate high costs

• Many Broker/Dealers charge 1% to manage your funds and then put you into
   mutual funds that have high expenses, thereby getting you to pay twice

• Advisor/Broker and mutual fund expenses can be almost a third of your
   portfolio earnings. It is essential to keep them low

• $100,000 invested for 20 years yields $732,807 at 10%, but only
    $600,915 at 9%. Reducing expenses by just 1% makes a big difference!

• Active trading leads to higher capital gains taxes and higher transaction costs

• USE INDEX FUNDS to keep expenses low