Although Jessie Hewitson writes about money for a living, she's learnt from a fair few mistakes over the years
December 4, 2024 12:00 pmaround 18 years ago. It wasn’t by choice: I was working on a newspaper and was moved without any say in the matter to the Money section, staffed by a team who appeared intimidatingly sensible.
Hopefully you’ll read this before you make the same mistakes too. Otherwise, hey, at least you’re in good company., when companies had to enrol employees into a workplace pension – and contribute to it – unless the employee opted out. The genius of the scheme is that it takes more effort to do the stupid thing.
Though to be fair, if I had thought about all of this harder I still would have bought the house. It’s close to good schools andhaven’t been too affected by the 2008 financial crash, Covid, Putin and inflation, so it’s hard to see at this point under what circumstances we wouldn’t be able to sell if we needed to and not lose money.
An extra 1 per cent charge on your investments sounds like a small sum, but over 30 years of investing it is equal to half of all your profits, swallowed up by a company that may not have done much to earn it.
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