Many financial planners recommend that investors pick a mutual fund with an expense ratio that is:

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Financial planners generally recommend selecting a mutual fund with an expense ratio of 1 percent or less because it will help investors keep costs low and maximize returns. Expense ratios are the fees charged by mutual funds to cover their operating costs, and higher expenses can significantly reduce an investor's returns over time. Therefore, a low expense ratio is generally considered to be a good indicator of a mutual fund that is well-managed and has a strong track record of performance.

Many Financial Planners Recommend That Investors Pick a Mutual Fund