The reason why your investments don't grow: FEES!

In this video, personal finance coach Nozi discusses the importance of understanding and monitoring investment fees. Covering topics such as retirement annuities, children's education policies, and unit trust investments, Nozi explains how fees can significantly impact your financial goals. She introduces a website called 'My Money Tree' that helps compare different providers and their fees. Highlighting how small percentage fees can translate into large amounts over time, Nozi urges viewers to be vigilant about these costs, advising them to review their investments and consider moving to more cost-effective providers if necessary.

00:00 Introduction to Personal Finance
00:25 Understanding Investment Fees
00:59 Exploring My Money Tree Website
01:41 Comparing Retirement Annuity Providers
02:29 The Impact of Fees on Investments
09:41 How to Check and Reduce Your Fees
13:35 Final Thoughts and Recommendations
14:19 Closing Remarks and Personal Update

[marthasquire]

Thanks for the information Nozi. It was good seeing you. I love seeing you though

[jabulanimbele]

Enkosi Nozi for the heads up. It's informative and worth it.

We wish all the best to the little one.

[Imraan]

Thanks sis
We pay 0.04% fees with Sasol pension
So companies have the ability to negotiate lower fees.
AF is the service provider.

[LieketsengHoee]

Thanks Nozi, I have already started with the process of moving my RA where my EAC was 2, 9% and 3.5%. I was threatened about penalties but I decided to sign the forms without any hesitation.

[katlegoratshidi]

Wow! I had no idea. Thanks for such an informative video Nozi

[TraceTheFace]

Yoh! Thank you for this video Nozi. Really puts it into perspective when you show the actual figures.

[masentlemoepane]

Thank you Nozi about this info, Really appreciate it 🙏🙏

[samanthaholm]

Thank you i shared with my kids. A real mind opener.

[thulilekubheka]

Thank you Nozi, this is so insightful. 🙏

[pheaharincertmoremi]

Thank you for this valuable information Nozi.

[heelayahbahtisrael]

Got the shock of my life on fees charged when I was selling my shares in one of these do called big banks. 😢

[nompiloangelmakamo]

Nozi when i learn about this, i then transfer from traditional RA to think direct coz their fees Wow 😢were more than 3%

[agnesnhlapo]

I will take sygnia, i called them already, will move from my traditional company cause wow the fees are high, thanks

[samanthaholm]

Hello are you having a issue with getting into the rsa Retail bond website?

[josephnehemiah]

Hey Nozi, is this Sygnia u're talking of, a service provider like EasyEquities or it's just in form of stocks⁉️

[ayabulelanochiliza]

I only found out 2 years into the investment that I was being charged 24% annual fee.

[zachnyatela]

Thanks a lot Nozi, I am 60 yrs olready on peension. I have problem with old mutual. Every year I have to pay sars . What can I do to move my money else where?
Please help.

[SfisoMakhanya-pyul]

I'm actually a beginner, I want ask if you do have a whatsapp channel