At the Money: Why Fees Really Matter
Masters in Business
Bloomberg
4.4 • 2.2K Ratings
🗓️ 28 August 2024
⏱️ 12 minutes
🧾️ Download transcript
Summary
Fees matter more than you think. Over the long term, the difference between a few basis points can turn into real, big money. On this episode, Bloomberg Intelligence ETF analyst Eric Balchunas joins Barry Ritholtz to discuss how fees can significantly impact your portfolio.
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Transcript
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| 0:56.0 | You know what I say. Our fund is zero in a zero. The trend for |
| 1:24.6 | The trend for ETF prices has been lower fees. |
| 1:26.6 | Now, after a decade of falling prices, those fees are approaching zero. |
| 1:32.7 | Let's bring in an expert to help us unpack this. |
| 1:35.6 | Eric Balchunis is senior ETF analyst at Bloomberg Intelligence, who writes about funds and |
| 1:41.7 | ETFs for years. |
| 1:43.4 | Eric, what's going on here with fees? |
| 1:45.8 | Are they going to zero? |
| 1:48.2 | Well, they have been for a while. |
| 1:49.8 | There's already a couple zero-fee ETFs out there. |
| 1:52.9 | They are from companies that aren't as popular as a Schwab or a State Street. |
| 1:57.7 | So I think once you get below five basis points, you get to this realm of like super |
| 2:02.5 | dirt cheap where people don't really care. Are you three or four? Are you two or three? You know, |
... |
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