When dealing with your banker, don’t just take things at face value. We must become more knowledgeable. There is a massive expertise gap in stock picking for investment portfolios. All Advisors have moved to a more managed portfolio solution to protect the Banks, Advisors and the Clients. Today, MFs (Mutal Funds) are the product of choice, but the hidden fees and MER’s (Management Expense Ratios) can be eating away at your bottom line. Consider moving into ETFs instead, (Exchange Traded Funds). They offer the same basket of securities without the heavy fee structure. If you do have MFs, try to maintain more equity mutual funds that tend to be more tax efficient than fixed income mutual funds. Active MFs that are intentionally managed for tax efficiency should be the preference.
What is a Better Option Than Mutual Funds!
By AskMoneyLady|2019-10-11T09:00:36-04:0011 October 2019|Daily Advice Tips|0 Comments
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About the Author: AskMoneyLady
Christine Ibbotson is an Canadian Author, National and Syndicated News Columnist, and Professional Financial Speaker and Presenter. She also has three radio shows called the “Ask The Money Lady Minute,” “Your Money Today” and a live-call in show called “Ask The Money Lady.” She writes for over 630 Newspapers in Canada with over 21 million readers and is heard on 327 radio stations across Canada. Christine is the Author of her book entitled "How to Retire Debt Free & Wealthy" available on Amazon and Indigo. In How to Retire Debt-Free and Wealthy, Christine offers accessible and realistic guidelines in a series of achievable steps, from debt elimination to wealth management, teaching readers how to create their own customizable financial plans.
Dear Money Lady, My adult daughter just moved back home to save money and brought her boyfriend with her. I like the boyfriend, but right now he doesn’t have a job… Gallery
Dear Money Lady, My adult daughter just moved back home to save money and brought her boyfriend with her. I like the boyfriend, but right now he doesn’t have a job…