S1E80: Controlling your fund fees is key to investment success: Money Hacks Ep 80

Money Hacks Ep 80: Controlling your fund fees is key to investment success 10:32 min Synopsis: Updated fortnightly on Mondays, The Business Times breaks down useful financial tips. This episode tackles the importance of understanding and controlling your investment costs or fees, so you can let the power of compounding interest work for you. Chris Lim hosts Gregory Van, chief executive and founding partner of Endowus, the only digital investment adviser that now has a CPF investment option. They discuss the following points: 1. Are Singapore's investment fees higher than average sales and fund level fees globally? (1:08) 2. What is the little-known "trailer" fee in this industry? How that is practised here and why the investor does not see this (1:50) 3. The trailer fee raises the question: Are you working in the best interests of the client? (3:02) 4. Is there a way around this? Should your fund managers rebate that trailer fee to you here when they receive it? (4:48) 5. Why just a 1% fee difference over many years can result in compounding costs eating into your returns (7:20) Produced by: Chris Lim and Ernest Luis Edited by: Adam Azlee Discover Money Hacks Podcast fortnightly on Mondays and rate us on: Channel: http://bt.sg/btmoneyhacks Apple Podcasts: http://bt.sg/oeXe Spotify: http://bt.sg/oeGN Google podcasts: http://bt.sg/oeGP Website: http://bt.sg/moneyhacks Feedback to: [email protected] Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser. --- Discover more BT podcast series: BT Mark To Market Podcast on: http://bt.sg/btmark2mkt WealthBT Podcast on: http://bt.sg/btwealthbt BT Podcasts on: http://bt.sg/podcasts Follow our shows then, if you like short, practical podcasts!See omnystudio.com/listener for privacy information.