How to Make Passive Income: Five Ideas - The Daily Telegraph, 21st November 2024
CUTTING YOUR INVESTMENT COSTS
The charges you pay on your investments will make a huge difference to your financial future. For example, if you earned a net return of 5% per annum instead of 4% per annum, on a £500,000 investment portfolio that 1% per year saving, compounded for 20 years, would provide you with an extra return of £231,086.
That could be a truly life changing sum of money.
It might mean that you could:
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Stop working much earlier than you had hope·
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Provide generous house deposits for all of your grandchildren·
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Travel the world in luxury
Cutting your cost of investing is just one of the many ways that you could improve your chances of a bright financial future.
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