The Accumulation Myth: 8 Retirement Flaws & How to Fix Them by Jeff Ingersoll

Author:Jeff Ingersoll
Language: eng
Format: epub
Tags: Financial intelligence, Retirement planning for dummies, Retirement challenge, Financial literacy, Financial literacy for dummies, Financial literacy books, Financial literacy for millennials
Publisher: Jeff Ingersoll
Published: 2020-05-07T00:00:00+00:00

Source: Fidelity Investments, https://fundresearch.fidelity.com/mutual-funds/composition/315792101

DEADLY SIN #3: TURNOVER

Most mutual fund portfolios experience rather heavy levels of turnover (trading: selling and buying). For example, the average actively manged equity mutual fund can have has much as 100% turnover per year due to:

Most mutual funds are open-end funds with daily redemptions

Some fund investors put money in while other investors are taking money out of the fund every market day of the year creating daily transaction costs.

The average, actively managed stock mutual fund has 437 holdings which incurs a significant amount of trading costs.

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