Common mistake
Treating a yearly percentage fee as trivial
It sounds like this
“A 1% fee is nothing — it's only 1% of what I've got.”
Why it’s wrong
It is 1% every year, taken from growth that would itself have grown, so over decades it costs a large share of the total.
The lesson that fixes it
Cognosc spots mistakes like this.
When you explain something in your own words, Cognosc can tell exactly which mistake you’re making — not just that you’re wrong — and gives you a short lesson to fix that one thing.