investment. Further to this, he will pay around 3.5% entry fee, approximately 2% ongoing fee and a 2% exit fee for relying on a Fund Manager to do the research and make the decisions on buying and selling. Using these assumptions, after 20 years, Paul will have an investment of around $318,000.
Scenario 2:
Investing in the TGS Partners Wealth Management well accredited and successful Model Portfolio Service, Paul will enjoy an average return above the index of around 4%. He will also enjoy a low 1% flat administration fee for total funds invested plus a performance fee of 22% on any return above the investment....no entry or exit fees. With these advantages, Pauls 20 year investment is now worth around $701,000!
This highlights the significant effect that returns and fees have on an investment over an extended period and the need to have these returns and savings maximised at all times. |