Quote:
Originally posted by fille
I'm moving forwards with this Smith manoeuvre and I'm a bit upset with my financial advisor.
He has presented to me where he thinks I should allocate my money. And they're all in his own firm's mutual funds.
Now why would a FA do this? Im sure he will be making much more commission but am i wrong to suspect this or maybe he just truly believes in his company's ability to make me money?
70% will be in a canadian dividend fund
15% in europe
15% in china.
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Well no shit it's in his firm's own mutual funds. FInancial advisors are in general.. twats.
Do a search for the couch potato strategy if you don't want to think