For many investors the costs of investing money have been hidden within the plan. Investment bonds are a real example where the set up costs can easily exceed 10%. On the second page of an illustration you will see the cost of the product if you encashed the day after investing so be sure to read that.
Other investments can have large up front costs such as ISAs and unit trusts but many investors are missing a trick here as they don’t have to pay these costs of typically 5.25%. Continue reading ‘What is the Cost of Investing Money?’ »