Education is one of the most important tools an investor has at their disposal. The Ontario Securities Commission has an excellent web site, www.investored.ca, and it features a very powerful mutual fund fee impact calculator. If you have a portfolio comprised of mutual funds, this tool is quite eye opening. Let's assume you put a lump sum in an average equity fund today. Over 25 years, paying the average mutual fund expense ratio, you are likely to pay more in fees than the original lump sum you invested. The good news is, other options exist, if you are dealing with the right advisor.
Do you want to discuss your alternatives?
Have you outgrown your mutual funds?
For a review your portfolio, or a complimentary copy of my CD, visit, www.beyondfunds.ca or call me, Jeff Wareham, at 519 660 3260. This program is for information purposes only. Fees, management fees and commissions may be associated with mutual fund investing. Investors should consult their prospectus before investing. Views expressed are those of the author, not Scotia Capital. ScotiaMcLeod is a division of Scotia Capital, member CIPF
Monday, May 25, 2009
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