Markets
Expense Ratio
The annual fee a fund charges you.
In plain language
A percentage of your balance taken each year to run the fund. 0.03% is about $3 per $10,000; 1.00% is about $100.
Why it matters
Fees compound too — just not for you.
Put it to work
Own more. Owe less.
Every word here shows up in a real decision. Run your own number, or get the next one in The Letter.