Owen Rascovitch

So there's always going to be some laggards, but then there's going to be fees that are detracting from the future.

Yeah, and that's 1% or 2% extra that professional has to be better just to make up for their own costs.

So we're seeing fees come down, but this is an issue with managed funds.

It's less so with ETFs because they're mostly index funds.

They're not active.

Yeah.

So what we're saying is when you invest in an ETF, don't just go and just throw a dartboard of names.

Actually look at what they do.

Find the fees.

It's my opinion, but anything over, say, in an ETF, anything over 0.5% or what we call 50 basis points, 0.5% is too much.

You don't need to spend that amount of money.

So if you want to see the performance of the ASX 200 reflected in your portfolio, what Kate's saying is that an active investor doesn't do that, whereas an index investor or passive investor does do that.

So it's an important distinction.

I've got a video that I've done on the RAS Finance website for this if you want to know more about the differences between the two.

Just remember that index is normally what you see on the news, and active is where an individual is picking and choosing what's good.

But the statistics are stacked against them.

Okay, so we've covered a few things.

Kate, let's just go action points.

Yep.

And then RoboAdvisor, you would go to their website.