We Need To Talk About Fees Within Investing with Dr. James Martin DWI-EP163
Dentists Who Invest Podcast
English - August 01, 2023 06:00 - 13 minutes - 9.47 MB - ★★★★★ - 1 ratingMedicine Health & Fitness Education dentist dental finance investing money wealth crypto stocks invest dentists Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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What if I told you that understanding the ins and outs of investment fees - a topic often overlooked - could be the key to unlocking your financial success? That's right, we're peeling back the layers on this seemingly mundane subject to reveal the massive impact it can have on your portfolio's growth. We're exposing the three main ways platforms make money - ongoing fees, one-off fees, and the spread - and how these can significantly affect your investment outcomes. Plus, did you know a mere 1% difference in returns over 40 years can increase your eventual pot by a staggering 50%? This episode will equip you with the knowledge to navigate the tricky terrain of fees, and make the best platform choices to grow your wealth.
But wait, there's more! You might think you know all there is to know about platform fees, but have you considered the spread? That's right, the difference between the buy and sell price can be another subtle way platforms are making money off you. We delve into the fascinating world of arbitrage, and why understanding it is essential to making the most of your platform. We also highlight the importance of aligning your asset purchases with your long-term objectives. Wrap your head around these crucial concepts, and you'll be on your way towards smart, profitable investments. You're not just learning to invest, you're learning to win at the investment game. Tune in, and take control of your financial future today!