Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Israeli Website Could Save The Average American Household $155, 000 in Pointless Fees

 

feex-

An Israeli website, FeeX.com, may help Americans who try to save money actually save money instead of unwittingly having a portion of those funds sapped away in pointless bank and mutual fund fees. It is estimated the average American household will have $155, 000 suctioned off in hidden fees in a lifetime. FeeX.com helps clients screen their finances and accounts for invisible fees and can provide solutions to reducing or avoiding them.

CEO Yoav Zurel said, “We want people to know what they are paying in fees when they write that check to the mutual fund and what they are paying to the bank each month in fees. And it’s a lot.”

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.

However, many fund managers and financial companies arguing that the fees they charge are for legitimate and perhaps essential services, and they are not excessive. Rachel McTague, a spokeswoman for the Investment Company group, argues that the averages expenses paid for funds “have been trending down for a decade.”

John Bogle, founder of Vanguard Funds, says if some expenses have been reduced, assets of funds have expanded over the last two decades, and concludes, “costs have soared.”

 

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Life-Style Health

Medint’s medical researchers provide data-driven insights to help patients make decisions; It is affordable- hundreds rather than thousands of dollars

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...