In Monday’s edition of the Press & Journal, Carbon’s Investment Director, Barry O’Neill used the popular TV show, The Apprentice, to highlight why it is important to be aware of the costs within your investments, and why you should always keep them as low as possible.
A recent episode of The Apprentice tasked the candidates with buying and selling curios and collectables within a short timescale to make as much profit as possible. Barry points out how this exercise is in complete contrast to investing, where your goal should be to hold for the long–term.
The common factor between buying and selling goods and investing is that costs incurred play a major part in determining the outcome.
Barry explains the additional costs incurred by active fund managers and how research by rating agency, Morningstar, shows that keeping investment costs low is one of the most reliable ways to earn above-average returns.
Unlike the reality TV show, your real–life investment strategy is critical to achieving your goals so it’s worth having a read of Barry’s article. It should help you determine whether to hire or fire!
You can read Barry’s article here.
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You can view Barry O’Neill’s profile here.