Anonymous

09 Oct 2020

∙

Moneyowl fee over the long run?

Noted that the fee is waived for a year but is it worthwhile as the fee is charged on the total amount. even if my portfolio is in negative, my total loss would be more? and the fee gets higher each year.

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Hariz Arthur Maloy

09 Oct 2020

Independent Financial Advisor at Promiseland Independent

That's how advisory fees work my friend. Not just MoneyOwl but any FA you're hiring whether digital or human who charges an annual advisory fee would charge a % of AUM and as the account grows, you pay more per year, and even if the account loses money you still have to pay for advice.

If you want to save on advisory fees, you should DIY your portfolio without financial or investment advice.

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MoneyOwl

4.6

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MoneyOwl

Equities, Bonds

INSTRUMENTS

0.5% to 0.6%

ANNUAL MANAGEMENT FEE

$100

MINIMUM INVESTMENT

N/A

EXPECTED ANNUAL RETURN

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