here's an example: say you have $100k invested the 1% fee for that will be $1k the earnings will be $7k so the "1%" fee takes away 14% ($1k is 1/7th, or

here's an example: say you have $100k invested the 1% fee for that will be $1k the earnings will be $7k so the "1%" fee takes away 14% ($1k is 1/7th, or 14%, of $7k) of your earnings.