 Hello everyone, this is financial author Amit Don of Aydan Journal. Today I'll talk about mutual fund fees. It is an open secret that mutual fund fees can cost you quite a fortune in one lifetime, especially in Canada where fees are even higher than other industrialized countries. Given the fact that there are other low-cost options available like ETFs, investors often forget to ignore what they are paying in the long run. Toronto-based digital wealth management firm Nest wealth released some cold hard figures. To put the fees, you'll be paying holding mutual funds into perspective. For example, if you take a 25-year-old investor starting with a $10,000 investment and adding $5,800 for the next 39 years at a rate of 6.5% return and 2.35% mutual fund fees, the investor would have a balance of $229,000 but the fees paid would be $323,654 approximately. With those kinds of fees, it is possible to buy a small house in many Canadian cities. It always pays to pay attention to what you are paying for fees and what you can do about it. A study released by Environics Analytics found out that average Canadian households liquid assets amount to $229,000. If you are paying an old 2.35% fees on investments, it will definitely take out a good chunk of your retirement, considering many ETFs fees are below 0.50%. Nest wealth offers some neat calculators and portfolio building tools on its website. You'll be able to visualize how different fees or mutual fund emits affect your investments in dollar terms and what kind of customized portfolios are suitable for you based on your scenarios. Regardless, you're building your portfolios online or face-to-face with a qualified financial professional. Always do your research and make best educated decisions that suit your needs and lifestyle. That's all for today. Thank you.