“I'd rather take $50,000 and hire a new person who does just influencers for me… more long term investment”
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Said on The Watson Weekly: eCommerce Strategy & News
Australian Investors Podcast · Scott Phillips & Jess Leung: LIVE at Her Wealth Her Way (Patchy Audio warning)
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choose an investing platform based on values and long-term fit rather than lowest fees
“I'd rather take $50,000 and hire a new person who does just influencers for me… more long term investment”
“One percent more in fees than you need to pay will cost you a decade of retirement income over the long term because of compounding”
“They would then allocate and rebalance the portfolio… lower transaction costs… if you're on a platform that charges transaction fees and you're investing in seven different investments, that's a fairly significant cost.”
“…a $40 billion Tiger Cub… they have the best of data sources, massive budget… they choose to buy rather than build.”
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