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Fees (TER)

The small percentage a fund charges you per year. Often labelled TER (Total Expense Ratio).

Byte the Robot — friendly cute robot with digital face

Slow rust — barely visible, but eats into things over decades.

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Real example

A 0.20% TER on €10,000 = €20/year. A 1.50% TER on the same = €150/year. Over 30 years, the difference is thousands.

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