Lesson 2: Expense Ratios and the Compounding Drag. A fee looks small once a year. Run it for 30 years and it's a new car.
A fund charges 1% a year. Sounds tiny. Over 30 years, how big a bite is it really?
Gut check before we compound it out.
Assessment
A fund takes 1% of your balance every year. Over 30 years, how much of your final nest egg does that quietly consume?
1% a year ☕ Call it.