In practical terms, if a client's goal is to amass £500,000 in 15 years, they would need to invest £1,860 per month in a high charging solution compared to just £1,635 per month in a low charging solution. That's £225 per month saved while working towards the same target!
The Lump Sum DilemmaNow, let's turn our attention to a lump sum of £250,000 invested for 15 years.
- In a high charging solution with fees of 3%, the investment grows to just over £528,000.
- In a low charging solution with fees of 1.5%, the investment soars past £660,000.
Here, the disparity is even more striking, with the low charging solution yielding an additional £132,000 in growth that hasn't been eroded by ongoing charges.
For higher net worth investors, these percentage differences in charges can translate into even more eye-watering sums, further underlining the importance of cost-conscious investing.
Real-World ImpactThese numbers aren't just figures on a page. They represent the real-world effects of ongoing charges on your life and your financial goals. The money saved from lower charges could mean better opportunities for your children's education, an earlier retirement, or an improved quality of life.
At Brigantia, we are dedicated to ensuring that your money stays in your pocket, where it belongs. Our laser focus on costs and smart investing decisions is a testament to our commitment to securing your financial future.
In a world where every pound, dollar, or euro counts, trust Brigantia to guide you towards a brighter financial future with the impact of your money where it matters most—your life.