Acronym Monday: MER
Can we get a cheer for today's acronym? MER!
Management Expense Ratio
This is the fee investors pay to have professional money managers take care of their mutual funds and ETFs. They buy and sell your stock, bond or any other asset class to make sure that your funds are safe, allocated, and compliant.
The Clovers may have to watch out though... Chris Matugas Private Wealth Advisor with connectFirst Credit Union Wealth has a much better rendition of "Brr, it's cold in here" that might take first place at Cheer Nationals. Thanks, Chris, for joining me for this week's acronym!