You are probably losing money in your investment account and don’t even know it. Have you looked closely at a financial statement lately? There are hidden fees that may be costing you more than you are making in your account.
You may think that the fees involved when investing simply go along with the opportunity to invest. That they’re non-negotiable. Something you have to put up with. Perhaps things could be done differently.
In the last two decades, a smaller company that proved things could be done differently disrupted companies at the top of their industries. Business examples like Netflix, Amazon, Skype, Wikipedia, etc. have shown that a little change can make all the difference. Each was a new type of business that most people probably predicted would fail.
How did they succeed?
They did it by incorporating five common traits, which you can also model in your own business.
- They solve problems better.
- Create a behavioral shift because they are faster.
- They successfully challenge established enterprises by being more efficient with fewer resources.
- More cost effective.
- They make it easy for customers to use, buy, and do what they want them to do.
When Netflix was new in the market, it approached Blockbuster and offered to sell for $50MM. Blockbuster declined the offer, probably thinking it had nothing to worry about. Thirteen years later, Blockbuster closed its doors because Netflix incorporated these common traits, which lead to its business success.
Your Current Investing World
When most people invest, they give their money to their financial planner or broker. Then, the money is put into Mutual Funds, IRAs, Bonds, Stocks, etc. The hidden fees being charged can range from 1-15%. If your account returns is only 6% and your fees are more than that, you’re losing money.
Here’s an example. Suppose John pays 2% interest on 50K and his fees are also deducted from that 50K. His account grows at the same rate as the S&P 500. By year 11, he will have paid more for the service than the amount he originally invested!
What People Are Using To Escape Fees & Increase ROI
A new type of business, iFlip, incorporates the five common traits by solving major problems in the financial services industry. Risk and cost are the biggest problems. If used, the following will help you stop losing money in your investment account.
1. Cut Fees: Investment Fee Increases
Where most big companies charge a percentage of your account as fees, iFlip has a simple affordable flat rate per month. This is similar to a SaaS (Software as a Service) approach.
The big companies increase your fees as your account grows. We met a woman with $1.2 million invested with one of the big financial institutions. Her yearly fees were $39K! Those big companies have to pay for their huge new buildings somehow!
2. Transparency: Show You What You Pay For
You will always be able to see what you pay for every month. No hidden fees. No backdoor commissions.
3. Efficiency- Create A Smarter Offering
pBy offering a system simple enough for a seventh grader or a 95-year-old, iFlip is providing a more efficient product. Using investing Algorithmic Intelligence (A.I.) software for retirement and personal accounts, it buys, sells or holds stocks to grow your wealth.
Looking back through trading history, there have been eight major dips in the market since 1987. The mathematical algorithms used at iFlip have saved investors over 20% each time the market dipped. This is an efficient system combining technology, A.I., and tools.
iFlip has a Free AI App (Download Link) that is currently open for downloading.
If you’re tired of watching the investment fees deplete your account, cut out the middleman. Download iFlip’s set-it-and-forget-it software allows you control over your portfolio but saves you time and money.