An investor walked onto the trading floor and asked “What’s the difference between $300k and $4.3 million?”… “Fees!” yelled a savvy investor. “Haha what a joke, the answer is my boat!” yelled a fund manager. Both are right, but warning this is NOT a joke. Last week Bryce found a tweet that sparked conversation with Alec. We both know that avoiding fees is one of the golden rules to successful investing but when we saw the HUGE difference it can make. Here is the tweet: Fees stop your money from growing, and as a beginner, the better understanding you have of the impact of fees, the better. Over a lifetime, fees can be the difference between early retirement and a struggling portfolio. This episode we discuss investing fees – what they are and how to avoid them. In this episode you will learn: • What to look for in investment fees • Transaction fees • Expense ratio • Investment management fees • Ways to avoid paying fees Stocks and resources discussed: • ASX Exchange Traded Fund tracking the US Top 500 Companies: IVV • ASX Exchange Traded Fund tracking the US Top 500 Companies: SPY • Cheapest ETF tracking the ASX Top 200 companies: A200 • Free brokerage platform to trade stocks in the US: StakeCheck out our Thought Starters email for all the news articles Ren spoke about. Until next week!
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If you want to let Alec or Bryce know what you think of an episode, contact them here.
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Some of our favourite resources and offers to help you during your journey:
- Want to do an online course with Equity Mates and Owen Raszkiewicz? We have the Beginner Shares Course and the Value Investor Program available now!
- Take control and track your investment portfolio with Sharesight
- Get a free stock when you sign-up to Stake, using the code EQUITYMATES
- Get exclusive access to our favourite data and insights platform, TIKR
- Take the emotion out of investing in Bitcoin, Ethereum, Gold and Silver with micro-investing app, Bamboo. Use EQUITY MATES for $10 when you sign-up
- Get $15 of Bitcoin, using one of our favourite crypto-currency exchanges, Swyftx
- Get 5 free trades if you plan to use the broker SelfWealth
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Equity Mates Investing Podcast is a product of Equity Mates Media.
All information in this podcast is for education and entertainment purposes only. Equity Mates gives listeners access to information and educational content provided by a range of financial services professionals. It is not intended as a substitute for professional finance, legal or tax advice.
The hosts of Equity Mates Investing Podcast are not financial professionals and are not aware of your personal financial circumstances. Equity Mates Media does not operate under an Australian financial services licence and relies on the exemption available under the Corporations Act 2001 (Cth) in respect of any information or advice given.
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