Ndubuisi Egwim breaks down three ways to invest: managing your own money, using target funds, or paying advisors. He warns that advisor fees of 1-2% compound over decades and crush returns. About 99% of professional investors fail to beat the market anyway.
You're going to be average. And average is very good because 99% of full time expert professional investors don't even beat the average returns. I've written an article on that. Okay, so these are the three options. Number one, you can invest by yourself. This applies to both SIP and stock and shares. Isa, you can invest by yourself. You can invest through like an already made basket. That's the target, this fund. Number three, you can pay the platform to get people to manage your funds for you. Number three, I think is the worst. And that's where people like financial advisors and all the rest of them, they charge you money and they charge you 1%, 2% because I think is a bit of a scam. Because if you, if you charge me 1%, it's not a scam anyway because they didn't force anybody. But if you charge me 1%, then check what that 1% will be compounded over 20 years. For today it looks like 1%, but by the time you put in 100, so there's a lot of compounding that happens. You don't.
