Ndubuisi 'Andy' EgwimMoney Coach for Medics|Ex-NHS GP|21+ Yrs Investor| Founder, MoneyWiseDoctor.com|Helping Medics Avoid Big Money Mistakes

Don’t Let Fees Eat Your Investments!

27 May 2025 · 1 min

Watch on YouTube

0:45

Ndubuisi 'Andy' Egwim advises passive investors to prioritize low-cost platforms and minimize fees (advisor or platform fees) above extra features. He emphasizes choosing platforms that offer the needed features at the lowest cost, noting that some platforms add 'bells and whistles' (e.g., extended trading) which passive, automated investors likely do not need. He also remarks that platform fees can change over time, so investors should compare and pick the least expensive option that meets their needs.

Chapters

In terms of platform. The key thing I look out for for a platform, if you are just a passive investor, you're not picking individual stocks. The key thing you look out for is fees. You want a platform that has the least fees. I might sell one platform now and maybe like let's say two months later by the time this video is out or maybe the video is out in a week and another platform has a lower fee. You want to pay as little fees as possible, whether it's a financial advisor you're paying or platform, as long as they offer the same features or offer you what you want. Because some platform might charge fees and offer you more. They might offer you bells and whistle. They might offer you the ability to trade overnight or anytime you want. The market is not open overnight anyway, but you don't care about that. It might be that you don't need it because you invest automatically.