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WCI #302: Where to Store Your Money

White Coat Investor Podcast

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Maximizing Returns and Avoiding Hidden Fees

The speaker recounts an experience of having to maintain a higher account balance to avoid a monthly fee, expressing frustration at being charged a minor fee of $5. They highlight the importance of avoiding hidden fees and seeking the best deals for storing money, mentioning a preference for fidelity over Schwab. The speaker emphasizes the impact of fees on investment returns, opting to keep their money in the Vanguard municipal money market fund to maximize returns.

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