Chapter
The Truth About Investment Fees and Why You Need to Understand Them
06:12 - 10:38 (04:26)
The average mutual fund, with all fees included, comes out to be 3.1%. It is important to understand the cost of investment fees in relation to the potential gains in order to properly assess investment opportunities.
Clips
The common practice of evaluating investment success in percentages can be misleading when actual dollars are considered, leading to significant losses.
06:12 - 08:32 (02:20)
Summary
The common practice of evaluating investment success in percentages can be misleading when actual dollars are considered, leading to significant losses. Asset allocation should not be reduced to choosing between stock picking or investing in index funds alone.
ChapterThe Truth About Investment Fees and Why You Need to Understand Them
EpisodeEp 38: Tony Robbins (Part 2) on Morning Routines, Peak Performance, and Mastering Money
PodcastThe Tim Ferriss Show
Behavioral economists have discovered an effective strategy to increase savings by automatically setting aside a percentage of income for investment with no sense of loss.
08:32 - 09:31 (00:59)
Summary
Behavioral economists have discovered an effective strategy to increase savings by automatically setting aside a percentage of income for investment with no sense of loss. This technique has been successfully used to increase saving rates from 3% to 16% among blue-collar workers.
ChapterThe Truth About Investment Fees and Why You Need to Understand Them
EpisodeEp 38: Tony Robbins (Part 2) on Morning Routines, Peak Performance, and Mastering Money
PodcastThe Tim Ferriss Show
This podcast explains the biggest lies told by Wall Street regarding frequency of trading and mutual fund fees.
09:31 - 10:38 (01:06)
Summary
This podcast explains the biggest lies told by Wall Street regarding frequency of trading and mutual fund fees. If you read the prospectus, there are many hidden fees such as the 21-B trading fees that can have a significant impact on your returns.