In this episode we talk about fees which you may pay on your investing journey.

A great way to think about fees is to think about paying for a service. Some fees are avoidable and others are often a necessity of today’s investing world which you can’t fully avoid.

You will find some brokers charge a platform fee which is for their service and you normally find this with premium brokers. Some platforms charge you a % or a fixed $ amount per trade. These kind of fees can affect your returns and impact your style of investing. Commission free brokers may not charge a trading fee but can very much affect your investing style.

You may find sometimes so called “hidden fees”, such as FX rates (foreign exchange (currency)) or spreads (difference between buy and sell price). You may run into other fees, such as withholding tax on foreign investments or stamp duty fees.

We don't like fees as investors, but it is important that everyone works out for themselves which fees are worth paying for your investing style and own investing journey.