1293: Investment Fees Are The Worst by Wanderer of Millennial Revolution on Buying ETFs versus Mutual Funds

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.5 • 1.3K Ratings

🗓️ 23 September 2020

⏱️ 8 minutes

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Summary

Wanderer fills us in on the unpleasant truths about investment fees and how to minimize them. Episode 1293: Investment Fees Are The Worst by Wanderer of Millennial Revolution on Buying ETFs versus Mutual Funds Wanderer retired from his engineering job at a major Silicon Valley semiconductor company at the age of 33. He now travels the world seeking out knowledge from other wealthy people, so he can teach people how to become financially independent themselves. The original post can be seen here: https://www.millennial-revolution.com/invest/investment-fees-are-the-worst/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is optimal finance daily episode 1293.
0:04.4	Investment fees are the worst.
0:07.1	By Wanderer of millennial dash revolution.com.
0:10.9	And I'm Dan, I am your host and welcome back to optimal finance daily glad to have you here.
0:16.0	This is where I read to you from some of the best blogs on personal finance every single day, including weekends and holidays.
0:22.0	And it's not just this show, where we have this format,
0:25.2	you can listen to all five of our shows covering different topics.
0:29.0	Simply search for optimal living daily,
0:31.0	wherever you're hearing me right now to find all five of our
0:34.0	podcasts. But for now let's get right to it as we continue optimizing your life.
0:42.4	Investment fees are the worst by Wanderer of millennial-revolution.com.
0:48.6	Fees suck, am I right? I know, such a bold statement to make.
0:54.0	Fies are bad. From parking tickets to gym memberships to whatever the bloody ticket
0:59.6	master's convenience fee is for, whenever I see the word fee written on something a tiny piece of my
1:05.4	soul and wallet dies a little.
1:08.3	But out of all the fees we have to put up with, one stands out as simultaneously the most damaging and the most
1:14.0	misunderstood. Investment fees. Quick, how much are you paying to invest? If you have
1:19.7	no idea, you're not alone. Investment fees usually don't appear in your statement and are
1:24.7	instead embedded inside your mutual fund and taken silently out of the fund's performance.
1:30.4	Why would they do this?
1:31.4	Simple.
1:32.4	If you saw a line item that said minus $500 fee, you'd call someone up and scream at them.
	...

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