FINANCIAL FOCUS: Are you an ‘efficient’ investor?

Published: Tuesday, September 24, 2013 at 19:13 PM.

Consolidate investment accounts. If you have one IRA with one financial services provider, another IRA with a second, and a separate investment account with a third, you may end up paying more in expenses, fees and commissions than is necessary — and since these costs can eat into your investments’ “real” rate of return, this scattershot ownership method may be inefficient. You may be better off by consolidating all your investment accounts with one provider.

Seek to become an efficient investor. You may be pleased with the results.  

Joe Faulk is a financial adviser in Crestview.



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