3 ms·
Calling the expense ratio a tax is like calling the labor cost of your car repair a tax. The expense ratio is what the fund manager is charging to cover their l
by Volundr 10mo ago
Calling the expense ratio a tax is like calling the labor cost of your car repair a tax. The expense ratio is what the fund manager is charging to cover their labor and expenses. It's not a tax on the transaction going to the government.
- lateforwork 10mo agoNo, I am saying the tax is like an additional expense ratio.
- Volundr 10mo agoAh, that makes more sense. Sorry I was not getting there from the original comment.