Ils making financial advisor lose their jobs ! (I was one, that job is becoming To inhuman especially when you ordered To only talk with People over 300 000$ otherwise its taken out of your pay)

I would really love to see this broken down also. I remember watching a investigative reporting show on TV that talked about this but I didn't understand it.

@@nilnil7325 Hello! I know it's 10 months late but maybe it helps: All is calculated with maths, and is an easy to use formula. If you start with 10, gaining 10%/year the results are like this: 10,00 - 11,00 - 12,10 - 13,31 - 14,64 - 16,11 - 17,72 - 19,49 (near double, in 7 years) This is calculated using the start money invested multiplied by 1,1 (or 110%, as you will have your inicial money, and +10%) So, money in year "x" will be: Money = Starting_Money * [1 + (% of interest)^(year_"x")] --> the "^" symbol means exponential Now, the example above with numbers : Data: Money year 7 (is what we are looking for) with 10% interest and Starting_Money invested of $10 --> 19,49 = 10 * [1+(0,1)^7]= (do the calculation yourself, is 19,487171) Now, you can do it yourself for every % of interest and starting money. If you know some maths, you can calculate anything you want knowing just one part of the formula and calculating the unknown value. So, in the end, now you can do the maths for 3% and 6%, and as you will see, the diference between them with the same number of years and same starting money is quite big and it becomes bigger with time ;) Hope it helps, good luck!

@@decapoli156 That explanation was actually really helpful. Thank you for taking the time to explain it, I appreciate it 😊

@@nilnil7325 Thanks mate ;)

Frank Kujawski well done 👍

Hungry bastards...

Greed

@Finessa Nugget I think they work for themselves. They're middlemen.

Hi can you contact me please? I would like to know more about that

It's a combination of my undergrad in finance, my CFA studies and my work experience in the finance field :) I've also picked up a few points from books I read in my spare time

It depends what kind of product you're investing in. For something that's tracking an index, it certainly doesn't make a lot of sense to pay more than 1%

In 2020 you should not pay more than 0.1% for index tracking ETFs or funds

What about 1.1% fees on fixed income? Is that decent investment?

@@MJsPrOuTs No that's shit. You can find global bond funds for around 0.1% at least in the uk

@@plauo9913 is it corporate or government bonds?

Hi Zippyphonic, great point! I imagine that the mutual fund you have is an Index Fund, which yes typically you'll see a lower fee with passive funds. The mutual fund you have is also likely part of a series whereby you either have a separate advisor relationship or no advisor with the fund, however it's harder for a beginner to access these mutual funds as they often have requirements that a beginner may not meet (i.e. minimum investment amount). I highlighted the 1%-3% as a basis for beginners, and more of a rough average as opposed to a strict range, but thanks for the comment! Great opportunity to clarify the point.

In Canada fees are higher than USA for Same product. Canada mutual funds and ETF are among the highest, they on a going down trend too

Jennifer Grant yes the topic is covered in one of my other videos, you can find it here: kzfaq.info/get/bejne/adh3apWcubTFdqc.html

Thanks, got it... now I just have to grow up and let a robot suggest investments for me...

Well it is like s mutual fund but tracks an index or thing. Lower fee. But if you have one in the oil industry and it goes down. You keep losing money and like mutual funds, it is harder to sell. Only more hard than mutual funds. Basically if you don’t want to do anything yourself, do it. Other wise make your own picks.

Many Exchange Traded Funds and Mutual Funds are Index Funds

wiimichell 😁😁😁

No one dies a virgin, because life fucks everyone really hard.

Alexander Elder?

There are some funds that charge "performance fees" only, which only come out of profits, but it's unfortunately rarely an option for beginners. Mutual funds charge MERs instead which are paid regardless of the performance. The amounts are automatically deducted from your investment balance.

@@ThePlainBagel i told them to deduct it from the profit but they don't want it. Btw, the company name is cryptohashminefx.com

Some mutual funds CAN be bought through a broker, but only certain versions, so you’re half right

Da_ Manndom that certainly changes the argument a bit! Obviously, holding all else constant, no fees is better than fees, so if you’re buying your own positions, that’s an option. Just keep in mind that you can’t buy every stock through robin hood

Very true. I do love your videos though learned a lot more already keep up the good work man!! Hope to have the knowledge you do asap!!

@@ThePlainBagel Not to mention Robinhood is not operating in Canada

@@josephweaver8545 Very true! Though WealthSimple is apparently going to launch a zero-fee brokerage in Canada soon

@@ThePlainBagel Thanks for the info. I didn't know about WealthSimple trade, I only thought they did robo advising. ; )

Because investing is an inevitable part of living a ok life for most people unless you want to end up distitute near the one of ends life? :(

those dollars sitting in your wallet and Bank Account? it will lose its buying power one day due to inflation.

​@@mynamejeb8743 but so wouldn't the money invested lose its power? 🤔