The Real Cost of Financial Advice and Investment Part 2
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The Real Cost of Financial Advice and Investment Part 2
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About this listen
This podcast episode discusses the often hidden costs of various investment products, including mutual funds, ETFs, annuities, CDs, and stocks. It highlights how mutual funds can have numerous fees beyond the publicly stated expense ratio, such as marketing fees, transaction costs, and cash drag. ETFs tend to have lower costs but still include hidden expenses like bid-ask spreads. Annuities, particularly variable annuities, can carry high annual fees through mortality and expense charges, administrative costs, and optional riders. Paul and Kyle emphasize the importance of understanding the full cost structure of investments to determine if the value received justifies the expenses. Ultimately, they encourage listeners to educate themselves and assess whether their chosen investments align with their financial goals.
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