May 7, 2008

Last weekend, Peter Drake and I discussed the state of the global economy…tune in this week, as I dig deeper into sectors that are likely to benefit as the economy recovers, and discuss a number of investment alternatives beyond mutual funds. Canadians pay the highest mutual fund management fees in the world, yet many investors stay in funds because they just do not know or understand their alternatives. The typical fund management fee of over 2.5% will cut approximately one quarter of an equity investor’s return, and about one third of a balanced investor’s return over the long term. If you have accumulated over 250,000 in your portfolio, you really owe it to yourself to consider the question I ask frequently…

Have you outgrown your mutual funds?