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Arthur Levitt Jr Quotes: While fund performance is unpredictable, the impact of fees is not, .. A 1- percent annual fee will reduce an ending account balance by 17 percent after 20 years.
         

While fund performance is unpredictable, the impact of fees is not, .. A 1- percent annual fee will reduce an ending account balance by 17 percent after 20 years.


Arthur Levitt Jr
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Other quotes of Arthur Levitt Jr


I think we have got to start thinking about banding together in terms of interested groups.

I think we have got to start thinking about banding together in terms of interested groups.



Over the past two decades, we have clearly seen an erosion of ethical values.

Over the past two decades, we have clearly seen an erosion of ethical values.



Today, the forces of competition, technology, and globalization have converged to spur innovation and to transform the way business is done in the securities industry.

Today, the forces of competition, technology, and globalization have converged to spur innovation and to transform the way business is done in the securities industry.



Another misconception is that an order is canceled when you hit 'cancel' on your computer. But, the fact is it's canceled only when the market gets the cancellation.

Another misconception is that an order is canceled when you hit 'cancel' on your computer. But, the fact is it's canceled only when the market gets the cancellation.



Investors should start with a view of skepticism. They should become intellectual investors rather than emotional investors. They should be careful, and they should be skeptical.

Investors should start with a view of skepticism. They should become intellectual investors rather than emotional investors. They should be careful, and they should be skeptical.



Although the Internet makes it seem as if you have a direct connection to the securities market, you don't. Lines may clog; systems may break; orders may back-up.

Although the Internet makes it seem as if you have a direct connection to the securities market, you don't. Lines may clog; systems may break; orders may back-up.



One way for investors to protect themselves from a rapid change in the price of a stock is to use a limit order rather than a market order.

One way for investors to protect themselves from a rapid change in the price of a stock is to use a limit order rather than a market order.



George Orwell once blamed the demise of the English language on politics. It's quite possible he never read a prospectus.

George Orwell once blamed the demise of the English language on politics. It's quite possible he never read a prospectus.



Personally I don't think day traders are speculating, because traditional speculation requires some market knowledge. They are, instead, gambling, which doesn't.

Personally I don't think day traders are speculating, because traditional speculation requires some market knowledge. They are, instead, gambling, which doesn't.





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Lord, help us to live the virtue of generosity, to love without limits.



Years of expensive Zen training gone to waste

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This page presents the quote "While fund performance is unpredictable, the impact of fees is not, .. A 1- percent annual fee will reduce an ending account balance by 17 percent after 20 years.". Author of this quote is Arthur Levitt Jr. This quote is about percent, fees, impact, balance, fund, unpredictable, years,.