21% of investors don’t think they pay investing-related fees. Here’s why they’re wrong — and how it costs them
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...