TONY ROBBINS : Mutual Funds Don’t Match The Market
Most people have one of three americans right now you know one out of three baby boomers have a thousand dollars for retirement that's their total amount most people have money to have it in a 401k they have no idea what it costs or how to manage that 401k most people's 401k has mutual funds in it now it makes sense that if you don't we all have our.
Own lives well we're going to be a brilliant investor on the side so we hire someone else to do it a mutual fund manager but here's the facts 96 of all mutual funds over any 10-year period of time don't match the market that means you're paying somebody for a performance you get for next to nothing and here's the next problem fees we don't know what.
Fees are you say so do you have 401ks do you both have 401ks what are your fees on your phone i have no idea who knows and that they prey on that they make it seem so complex and so most people if they do know they'll say it's one percent and one percent is called the expense ratio that's just the edge of the fees according to forbes the average.
Person pays 3.17 you go your viewers by saying who cares let me tell you why you should care three percent for every one percent you give away it's 20 percent of your lifetime savings you're giving away through time