Honest Advice · The question sheet
Four questions worth asking about your own money.
Everything here is built from the numbers you entered. Nothing was sent to us, and nothing was stored. Take it with you.
What you told us
- Amount invested
- $500,000
- Yearly fee
- 1.9%
- Assumed return
- 6%
- Over
- 20 years
What that comes to
$486,744
is the difference, made up of the fees themselves and the growth those fees would have earned had they stayed invested.
Without the fee$1,603,568
After the fee$1,116,824
The fee, per year, today$9,500
How we worked it out
without the fee = amount × (1 + return)years
after the fee = amount × (1 + return − fee)years Illustrative only, not a projection of returns. It assumes a steady return before fees and a fee charged every year on the balance. Modelled on the same method as the BCSC InvestRight investment fee calculator, so you can check every figure here against a regulator's own tool.
after the fee = amount × (1 + return − fee)years Illustrative only, not a projection of returns. It assumes a steady return before fees and a fee charged every year on the balance. Modelled on the same method as the BCSC InvestRight investment fee calculator, so you can check every figure here against a regulator's own tool.
Four questions to ask whoever manages your money
01What is my all in cost, including the fund's own fee, not just yours?
02What am I getting for that, specifically, this year?
03Are you paid anything, by anyone, if I hold one fund instead of another?
04What would I pay you if my balance doubled, and why should that change?
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Honest Advice Inc. provides general educational information and guidance. Fee, risk and savings figures shown are illustrative estimates based on stated assumptions, not predictions or guarantees of future returns. This is general information, not advice about your situation.