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As the saying goes, "You have to spend money, to make money" but how much do you really have to spend, especially when it comes to investing?
In New Zealand, there are costs that come with using investment platforms. More commonly, these include things such as transaction fees and fund management fees, but what if we told you that there are actually a few more hidden costs that may fly under the radar? In this episode, we cover: - The inefficiencies that can come with ETF vs Index fund investing, and how this can eat into your returns
- Why underperformance and high fees ruin the compounding effect of your investments
- What is Cash drag? And why holding more cash actually hurts a fund's performance
- How investing for your child using a PIE fund can save you money
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Join the conversation on IG @itsnosecretnz Check out our website and show notes at www.itsnosecret.co.nz |