You have fees for checking accounts, savings accounts, mutual funds, and even managing retirement. I hate fees and I want to help you save on those pesky fees.
You have the administrative fees that can be charged by the financial advisor and even the investment company, and you have the expense ratios and the cost of trading certain investments.
The expense ratios are usually levied on mutual funds for the management of the funds. The companies will take their cut from your earnings and you will never notice the money missing.
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It doesn't matter if your portfolio goes up or down. They will still get paid. These are basically commission based financial advisors.
Index Funds to me are the easiest way to create wealth. It matches the market, has low fees, and even the smart guys like Warren Buffet suggests them. So why don’t people use them?