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Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated: 00:00:00.200 --> 00:00:04.890 Fees matter, they matter a lot, one of the best things you 00:00:04.900 --> 00:00:06.990 can do for your future wealth is to keep a 00:00:07.000 --> 00:00:09.990 close eye on fees. In fact my iron 00:00:10.000 --> 00:00:12.690 rule is this: I don't want you to spend more 00:00:12.700 --> 00:00:17.590 than 1% of your investment portfolio per year on fees 00:00:17.600 --> 00:00:22.090 costs and charges. 1% may not sound like a lot 00:00:22.100 --> 00:00:26.090 but over the long-term, investing in the world stock market 00:00:26.100 --> 00:00:30.890 typically makes you about 7% per year on average. 1% 00:00:31.200 --> 00:00:35.590 per year out of 7% per year is 14% of 00:00:35.600 --> 00:00:40.290 your profit lost each year to fees. High fees of 00:00:40.300 --> 00:00:45.590 to 2,3,4% are annoying over 1-year but devastating over 00:00:45.600 --> 00:00:49.590 the decades to your retirement. That's because your investment should 00:00:49.600 --> 00:00:54.390 grow exponentially over time through the power of compounding. If 00:00:54.400 --> 00:00:58.790 you invest 100 dirhams in year one, you get 7% on 00:00:58.800 --> 00:00:59.690 that in year one. 00:01:00.200 --> 00:01:05.590 Then in year 2, you get another 7% on 3 things: The 00:01:05.600 --> 00:01:08.790 100 dirhams you put in originally in year 1, the 00:01:08.800 --> 00:01:12.190 100 dirhams you put in during year 2, but also 00:01:12.200 --> 00:01:15.290 you make 7% this year on the seven percent you 00:01:15.300 --> 00:01:19.890 made last year. That compounding rapidly grows your portfolio over 00:01:19.900 --> 00:01:24.790 time especially in the later years. 100 dirhams grown at 7% 00:01:25.200 --> 00:01:31.490 over 30 years becomes 761 Dirhams over 30 years. If 00:01:31.500 --> 00:01:36.090 we take off 1% fees, then you're getting just 574 dirhams 00:01:36.100 --> 00:01:40.690 and you've lost 25% of your potential value. With 00:01:40.700 --> 00:01:46.190 2% fees, you're losing 43%. With 3% fees, you're losing 00:01:46.200 --> 00:01:53.390 57% and with 4% fees, a whopping 68%. And 00:01:53.400 --> 00:01:57.890 that is why long-term savings plans sold by commission hungry 00:01:57.900 --> 00:01:58.490 advisors, 00:01:58.500 --> 00:01:59.490 don't grow. 00:02:00.100 --> 00:02:03.790 Because there is an advisor fee and a platform fee and 00:02:03.800 --> 00:02:07.690 fund management fees and many other hidden costs that stack 00:02:07.700 --> 00:02:09.690 up to about 4% of your portfolio. 00:02:09.699 --> 00:02:14.290 I'm going to show what you can invest in and 00:02:14.300 --> 00:02:14.990 how to do it, 00:02:15.000 --> 00:02:19.490 so you can keep fees comfortably down below 1% per 00:02:19.500 --> 00:02:22.390 year, and you can thank me in 30 years time. 00:02:22.400 --> 00:02:27.990 Within that 1%, you need to cover the following. Advisor 00:02:28.000 --> 00:02:30.690 fees, you don't need an advisor, you can do 00:02:30.700 --> 00:02:35.790 it all yourself, I promise. Advisor fees, platform fees 00:02:35.800 --> 00:02:41.390 and inactivity fees. Then foreign exchange spreads and transfer charges. Then 00:02:41.400 --> 00:02:46.090 trading commission and fund management fees. I'll talk about all 00:02:46.100 --> 00:02:48.990 these and how to minimise them in the next few 00:02:49.000 --> 00:02:49.290 videos.3524

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