On October 9, BCSC InvestRight announced the launch of a new investor education video that supplements the Guide to Investing: How to be an Empowered Investor.
The video, Informed Investing: Investment Fees, provides background information on investment fees and how to approach your advisor to get clarification on the fees associated with your portfolio.
Since the fees you pay will affect your returns, it is important that you know what direct and indirect fees you are paying for your investment, and/or for advice. To get clarification on the different types of fees that you may be asked to pay, visit InvestRight’s Fees & Charges page.
When working with an advisor do not hesitate to ask questions and always remember to factor all fees into your return calculations. The Informed Investing: Investment Fees video gives some examples of the questions that you can ask when considering an investment, and the information you can request when working with a financial advisor.
This video is available in the Investor Toolkit on InvestRight.org, which now includes all three videos from our Informed Investing video series and the Guide to Investing: How to be an Empowered Investor.
The Guide to Investing: How to be an Empowered Investor has worksheets that will help you ask about fees before you invest, and information on how to conduct an annual portfolio review to determine your investment returns.
In next week’s blog post, we will feature the video, Informed Investing: Titles and Designations, which was also launched on October 9.
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Happy New Year from InvestRight.org! This year, instead of resolving to lose weight, get fit, or become a top-notch organizer, why not take on something new—like learning how to protect your investments. We don’t like to think that anything bad can happen to us, or the money we invest. Yet 40% of Canadian adults have […]