You’ve likely seen those Questrade TV commercials. They shine a light on the high fees that Canadians pay for their investments . The campaign shows several break up scenarios where investors are saying goodbye to their advisor and the accompanying high fees. It was nice to see this article and headline in the Globe and […]
Weekend Reads. IG (Investors Group) offers an embarrassing fee reduction.
As anyone who has ever crossed paths with Cut The Crap Investing would know, Canadians pay the highest mutual fund fees in the world or the developed world. We could argue about the studies and semantics, but does it really matter? Canadians routinely offer up half of their investment wealth to the big banks and […]
I’m calling from a bank, and yes, we’d like to make less money from you.
Yup, that was one of my ‘lines’ when I was an Advisor with Tangerine Investments. And it was not so much of a line as the honest truth as to why I was reaching out to clients who still owned the legacy, traditional high fee mutual funds that Tangerine originally offered. When Tangerine launched their […]
Most Canadian Investors want advice. Many could also use a Steadyhand.
I recently attended the Steadyhand luncheon in Toronto. They run these info sessions with regularity. If you’re in search of a sensible lower fee investment option and you’re in the area I suggest that you take them up on the offer of lunch and a very informative and passionate presentation. The lunch I attended was […]
Clear disclosure cleans up water heater rental scams. Why can’t the mutual fund industry do the same?
Last week I turned the kitchen tap to HOT and all I received was lukewarm water. I’m certainly not the world’s greatest handyman (my wife would be laughing if she actually read this blog, she doesn’t), but I knew it was likely the hot water tank. Sure enough I went into the basement and discovered […]
Why pay your bank or advisor when they are not offering any advice?
Most Canadians go to their bank or a mutual fund sales office to access their investments. And most Canadians invest by way of those mutual funds that carry very high fees, in fact Canadians pay the highest fees in the developed world. That can eat into half of your investment returns over the decades. Fees […]