Take a closer look at your investment fees

It’s always exciting to start a new investment as it gives us that feeling of empowerment and the sense that we’re taking charge of our finances, planning for the future and doing the right thing.

Think about the costs involved in running an investment company – you would certainly expect professional staff, great IT systems, online statements and probably an app. All of these cost money, and it’s only logical that a fee is charged for services rendered. Your investment would effectively grow at only 8%, which is not much different to some of the fixed deposit offerings at banks. If your investment grew at 7% and had a 3% EAC, you may as well leave your money in a Capitec account, which currently offers 5% interest with no risk and will perform better than your investment.

Thanks for sharing my article! So vital to watch your investment fees!

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MTN closer to settling dispute in Nigeria | IOL Business ReportMTN moved closer to finalising one of its most international problems with the Nigerian Communications Commission announcing yesterday that the mobile giant had paid an R11bn fine. busrep busrep Nigeria needs to quit extorting MTN it’s enough now
Source: IOL - 🏆 46. / 51 Read more »

Little to no bank fees with these new accounts from banks | IOL Business ReportAfrican Bank launched its transactional banking offering, MyWORLD, as it takes on fierce competition from South Africa's established lenders.
Source: IOL - 🏆 46. / 51 Read more »

Smoky investment conferences pull wool over eyes of gullible, poor South AfricansPRINCE MASHELE | Smoky investment conferences pull wool over eyes of gullible, poor South Africans
Source: SowetanLIVE - 🏆 13. / 63 Read more »