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CBSMoneyWatch: The 7 Deadly Financial Mistakes

3. Paying more fees than necessary.

Why do investors consistently put themselves at a disadvantage by purchasing investments that carry hefty fees? Those who stick to no-commission index mutual funds start each year with a 1-2 percent advantage over those who invest in actively managed funds that carry a sales charge.

(iStock)

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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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