You may not realize it, but if you own mutual funds in your investment portfolio then you are paying substantial fees to each fund's manager every single year.
Mutual funds charge annual loads averaging 1.25% and hidden 12b1 marketing expenses that together cost you on average about 1.5% a year. These may not seem like big numbers, but compounded over a period of 10 or 20 years these fees could erode about a third of the value of your portfolio.
To find out just how much it's costing you to own mutual funds, enter your funds into the tool below. You'll truly be amazed.