In the world of investing, there are many different strategies and approaches that people can take. Some investors prefer a more hands on approach, constantly monitoring their investments and making changes as needed. Others take a more passive approach, setting their investments on autopilot and letting them grow over time.
For the investment purist, the goal is to align their investments with their financial goals while keeping things as simple and straightforward as possible. One key way to do this is by reducing fees.
Fees can eat away at your investment returns over time, so it's important to be mindful of how much you're paying in fees and to try to minimize them as much as possible. This can be achieved by investing in low cost index funds or ETFs, which typically have lower fees than actively managed funds.
By reducing fees, you can keep more of your investment returns for yourself, allowing your money to grow more quickly and helping you reach your financial goals faster. Plus, lower fees mean less stress and hassle for you, as you won't have to constantly worry about whether you're getting your money's worth from your investment manager.
Simplifying your investment strategy by reducing fees can also help you stay focused on your long term financial goals. With fewer moving parts and distractions, you can more easily stick to your investment plan and avoid making emotional decisions based on short term market fluctuations.
Ultimately, the investment purist knows that keeping things simple and minimizing fees can lead to greater long term success in achieving their financial goals. By aligning their investments with their objectives and focusing on what really matters, they can set themselves up for a solid financial future.