Person 1: What are the fees that I should be paying, as I invest long-term?
Person 2: There are three types of fees you would be paying. Advice fee to the advisor, one-time brokerage fee to buy or sell the ETFs in the portfolio, and the expense ratio for each of the funds in the portfolio.
Person 3: That’s all?
Person 4: Yep, that’s all! Make sure you keep all the fees low.