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Originally Posted by trancehead
TSFA is one of the best things about being a Canadian. Use it!
As for e series, im not sure what the MER (Management expense ratio) is on that. If its over 1%, i would really doubt its efficacy.
You could always open up a TSFA account under questrade.com or virtualbrokers and pick up a lower MER index fund ETF. S&P60 for Canada or S&P500 for USA stocks . The S&P500 for eg has a MER of 0.08% (or 0.06%, i forget)
Those financial advisors are sharks man. Car salesman of the finance world. Why trust in their advice when their commissions are directly related to what they can sell you.
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E-series MER's are like .30% or something tiny like that. It's so small, it's not worth remembering like 2.59% on some funds.
The only financial advisor I will trust is, someone who gets paid based on asset value. His incentive to make your assets grow is his meal ticket to feed his family.
"Mutual funds are for uneducated people, sold by uneducated people acting like educated people." - odlum brown advisor
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Sometimes we tend to be in despair when the person we love leaves us, but the truth is, it's not our loss, but theirs, for they left the only person who couldn't give up on them.
Make the effort and take the risk..
"Do what you feel in your heart to be right- for you'll be criticized anyway. You'll be damned if you do, and damned if you don't." - Eleanor Roosevelt
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