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The Meaningful Money Personal Finance Podcast

COSTS: First Principles 8

The Meaningful Money Personal Finance Podcast

Pete Matthew

Education, Business, Investing

4.91.7K Ratings

🗓️ 6 June 2018

⏱️ 25 minutes

🧾️ Download transcript

Summary

Costs are a necessary part of investing; I don’t know any way of investing without incurring some costs somewhere along the line. But any pound paid out in costs is a pound not working for you. Today I want to look at the different costs of investing and how to minimise them for your benefit.

Transcript

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0:00.0

Hi folks and welcome to the Meaningful Money Podcast season 10, episode 8. This is the podcast dedicated to helping you put your finances in order.

0:16.0

My name is Pete Matthew and I'm going to share with you everything you need to know and everything you need to do to secure your financial future. I'm here to help you make sense of money.

0:24.8

Welcome back folks,

0:34.3

folks, great to have you with me. It's about 35 degrees in my office. I'm on the

0:39.0

second floor of our office building. Underneath us is a bakery, right? So I've got like ovens at 500 degrees or something underneath me, sending all their heat upstairs. So if the, if it goes quiet except for like a thud it means that I've collapsed from heat exhaustion

0:56.2

So let's hope I get to the end of this and thank you for joining with me

0:59.1

Joining with me. Yes, thank you for joining with me. Thank you for joining me in this podcast episode today.

1:05.8

Now costs are a necessary part of investing.

1:09.0

They're inevitable.

1:10.0

I don't know any way of investing which doesn't incur some costs somewhere along the line.

1:15.1

But any pound paid out in costs is a pound which isn't working for you.

1:20.3

So today I want to look at the different costs of investing, how to minimize them for your benefit.

1:25.0

It's actually a massive subject, so I'm really just going to scratch the surface, but hopefully it'll be helpful anyway.

1:31.0

I'll look at a couple of reviews that have been left including

1:33.2

one from Chile which is very cool today and announce obviously what we're going to be

1:37.4

talking about next time but before a lot remember this podcast is brought to you

1:40.3

with the help of my friends at 7 investment management and they

1:43.4

specialize in multi asset investing something I talk about a lot here now I

1:47.7

reckon that should form the core of most people's portfolio 7 i am they've

1:52.4

been helping me out on their meaningful money for

1:54.3

Yunks now so do check out what they're up to say hi to them and tell them thank you

1:58.7

for meaningful money because I wouldn't want to do it without them. 7-I-M.co at UK is the place to go to check them out.

...

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