Cheapest is Not Always Best

Episode 26 of the Connecting the Dollars by Propel Financial Advisors podcast, hosted by Emily Agosto - Propel Financial Advisors, titled "Cheapest is Not Always Best" was published on March 10, 2023 and runs 24 minutes.

March 10, 2023 ·24m · Connecting the Dollars by Propel Financial Advisors

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Summary

In this episode, Emily tells the story of working in a hardware store where customers who bought the cheapest hammer invariably returned to buy the nicer, costlier version. Emily and Amanda go on to dive deeper into how to evaluate the true cost of what we buy. They discuss how the concept applies to investments, and cover the pros and cons of indexes versus using more active investments. Sometimes what’s “cheap” ends up costing you more. Links - www.connectingthedollars.com

Episode Description

In this episode, Emily tells the story of working in a hardware store where customers who bought the cheapest hammer invariably returned to buy the nicer, costlier version. Emily and Amanda go on to dive deeper into how to evaluate the true cost of what we buy. They discuss how the concept applies to investments, and cover the pros and cons of indexes versus using more active investments. Sometimes what’s “cheap” ends up costing you more.

Links - www.connectingthedollars.com

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