Aideen Finnegan

Just scroll back one week and listen to that first.

Or else this episode might sound to you a bit like, wait, what did he say?

What was that?

Dan is a chartered accountant, chartered tax advisor and qualified financial advisor.

In part one, he ran us through the apps, the best investing strategies for beginners, and outlined what the hidden fees and charges are that you need to know when using investment apps.

For those of you who did hear it, here is a super quick refresher of the jargon before we dive back in.

An index is simply a measuring tool used to track the performance of a specific group of investments.

For example, the S&P 500 measures the performance of the 500 largest companies in the US.

You cannot invest in an index, but you can invest in an index fund.

It aims to match the performance of a particular index.

So an S&P 500 index fund seeks to provide you with the returns of the S&P 500.

Index funds are often available as ETFs or exchange traded funds.

You can buy ETF shares on the stock market through an investing platform.

And when you invest in an ETF, you become a part owner of everything the ETF owns.

So instant diversification.

Finally, there's the TER or total expense ratio.

This is the annual percentage fee charged by the fund provider to manage the investment.

It's taken automatically from the fund, so you won't see a bill.

And that's why you need to read the T's and C's very carefully.

Now, back to where we left off in the conversation with Dan last week, which is what you would see when you open up an investing app.