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The Road Warriors Guide to Monitoring Your Investments
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I consider myself a “road warrior.” What I mean by that is that I love to travel the California coast, and the California mountains, in my Airstream trailer. I have a 27-foot Eddie Bauer Edition, and it is an awesome rig.
When I take my Airstream to a camp site, the cost of that camp site varies. The “slip rent” as we call it differs depending on where you are, and what that camp site offers in terms of amenities. If you’re a road warrior, you almost certainly care about costs, because those costs can really add up.
It’s the same way with your investments.
The cost of your investments matter, and depending on the “slip rent” you pay your advisor, your mutual fund company, or your brokerage, those fees can vary greatly (and they can add up to real money).
In this week’s episode, I show you how to think about the issue of fees, and how to determine if you are paying too much “slip rent” for what you are getting. Hey, keeping your investment costs down is an important component of your total return picture… and the more money you keep, the greater your economic freedom.
Enhancing your economic freedom is what this episode—and this show—is all about, and this week I show you how to view economic freedom through the lens of a road warrior. Plus, why the road warrior needs to “look less, and ask more questions.”
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