46. What Are The Hidden Costs of Investing?

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 transaction fees and fund management fees, but what if we told you that there are a few more hidden costs that may fly under the radar? In this episode, we cover: The costly inefficiencies that can come with ETF vs Index fund investing and how this eats into your returns The different kinds of fees can come with investing, including trading costs when investing in US shares such as W8-Ben filing fees How investing for your child using a PIE structured fund can help save you money If you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend. SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - Spotify Follow us for fun chat & financial tidbits on IG: @itsnosecretnz Got questions? Get in touch: www.itsnosecret.co.nz Disclaimer: Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time. The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice. Any information we provide is general only and current at the time of writing. Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz