#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.

Additional Resources

• 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.

Connecting the Dollars podcast and additional resource links are for informational purposes only. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Propel Financial Advisors cannot guarantee that the information herein is accurate, complete, or timely. Propel Financial Advisors makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Propel Financial Advisors may change their outlook at any time.