Wealth Creation > Fees

[PieterVenter7]

It was lightly mentioned in active vs passive that passive is less fees.

But the effect of fees makes the a big difference on your overall performance and it deserves a section on its own here are 2 sources.
SEC
vanguard
MoneyWeb 10x

And reality is in South Africa we often have over 2% difference in fees especially in the retirement annuity space. Then you also tac on the advisor fee that normally falls in the range of 0.5% to 1.5%, some providers have platform fees as well. So the fee grows allot.

Even between active managers morning star ran a test and fee's was the biggest predictor of returns in funds.
https://www.morningstar.co.uk/uk/news/149421/how-fund-fees-are-the-best-predictor-of-returns.aspx