#23 Cheapest Is Not Always Best
In this episode, Emily tells the story of working in a hardware store where customers who bought the cheapest hammer invariably returned to buy the nicer, costlier version. Emily and Amanda go on to dive deeper into how to evaluate the true cost of what we buy. They discuss how the concept applies to investments, and cover the pros and cons of indexes versus using more active investments. Sometimes what’s “cheap” ends up costing you more.
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- Link to Episode 13 - There is No Free Lunch When It Comes to Financial Advice Who Do you Trust
- Link to December 2022 Webinar. Amanda's talk on Bond Indexes starts around 34 minutes - New Year Tactics: Why Your Financial Plan Needs an Overhaul Now
- Link to Episode 6 - Social Values Investing: Let Your Money Talk
- Wirecutter's advice on the best hammer to purchase if you are in the market.
- The series Impeachment - American Crime Story.
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