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.1. Are Singapore's investment fees higher than average sales and fund level fees globally?
2. What is the little-known"trailer" fee in this industry? How that is practised here and why the investor does not see this 4. Is there a way around this? Should your fund managers rebate that trailer fee to you here when they receive it? 5. Why just a 1% fee difference over many years can result in compounding costs eating into your returns Discover Money Hacks Podcast fortnightly on Mondays and rate us on:Google podcasts: http://bt.sg/oeGdDo 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.
This tip is equally valid when applied to our sovereign wealth funds. Can we know clearly how much it costs to manage our SWFs and whether these numbers make sense compared to similar funds elsewhere.