What are you paying in fees?
Most people have no idea what their investments cost them each year. Add your funds below, enter how much is in each and its fee, and see what you are paying in total.
How this works. For each fund, the yearly fee is the amount invested multiplied by its fee rate (the MER, or management expense ratio). The total is simply those added together. Fees are charged on your whole balance every year, whether the fund goes up or down.
This is general education, not personal financial, investment, or tax advice. Your own fees will differ, and you can find each fund's MER on its fund page or your statements.
Where to find your MER
Your fee is called the MER, the management expense ratio. It's the percentage a fund charges you every year, taken straight out of your returns before you ever see it.
Finding it can be harder than it should be. The number is in a fund's Fund Facts document, on the fund's page on the company's website, and in the annual fee summary your institution has to send you. But it's rarely front and center. A 2% fee is easier to sell when it isn't printed in big letters next to your balance, so it tends to live in the fine print. If you can't find yours, ask whoever holds your investments to point it out, since they're required to show you.
Once you know your number, the next question is what it costs you over a lifetime. I wrote about what a 2% fee really adds up to, and why it pulled me into financial planning.
Read: The real cost of a 2% fee