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Damircudic | E+ | Getty Images More than a fifth of investors don't think they pay any fees for their investment accounts, an industry survey has found. Most of them, however, are likely wrong — and that knowledge gap could cost them big money in the long term. To that point, 21% of people said they don't pay fees to invest in non-retirement accounts, according to the Investors in the United States: The Changing Landscape survey conducted by the Financial Industry Regulatory Authority Investor Education Foundation. That share is up from 14% in 2018, the last time FINRA, a self-regulatory organization that regulates member brokerage firms and exchange markets, conducted its national investor poll. An additional 17% of invest ors in the recent poll said they didn't know how much they paid in fees. More from Personal Finance: 5 money moves for financial success in the new year 63% of Americans living paycheck to paycheck Most employers offer a Roth 401(k). Here's who m...

Damircudic | E+ | Getty Images More than a fifth of investors don't think they pay any fees for their investment accounts, an industry survey has found. Most of them, however, are likely wrong — and that knowledge gap could cost them big money in the long term. To that point, 21% of people said they don't pay fees to invest in non-retirement accounts, according to the Investors in the United States: The Changing Landscape survey conducted by the Financial Industry Regulatory Authority Investor Education Foundation. That share is up from 14% in 2018, the last time FINRA, a self-regulatory organization that regulates member brokerage firms and exchange markets, conducted its national investor poll. An additional 17% of invest ors in the recent poll said they didn't know how much they paid in fees. More from Personal Finance: 5 money moves for financial success in the new year 63% of Americans living paycheck to paycheck Most employers offer a Roth 401(k). Here's who m...

Westend61 The fear of loss is a powerful emotion for investors — and, if left unchecked, can cost them big bucks in the long term due to years of forfeiture of invest ment gains. That fear is a natural product of human evolution. Our brains are hardwired to detect risks — a useful cognitive tool that helped early humans and their forbears stay alive, if they had to evade predators or determine what foods were safe to eat, for example. related investing news These assets have yields not seen in years — here’s what to know about preferred stocks Michelle Fox 4 hours ago Fast-forward to the modern era, though, and that ancient threat-detection and loss-prevention mechanism can do us a disservice. "We didn't evolve to live in financial markets," said Dan Egan, vice president of behavioral finance and investing at Betterment. "We evolved to deal with 'natural threats.'" watch now VIDEO 1:46 01:46 JPMorgan says 60/40 portfolio has best return environment in...