Feb 13th, 2008, 06:03
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#12
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Member
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Don’t buy mutual funds, especially in your RRSP account.
Assume that management fee of a fund is 1.5% and an average of $100,000 is in a RRSP account (at 20 year old $5,000, at 65 year old $200,000). $1,500 would have gone to a mutual fund company every year. In 45 years, a total of $67,500 has gone to the fund company.
Be a smart consumer/investor. Buy ETFs. Management fee is much lower. Or buy stocks (my recommendation). Transaction fee is the only cost (one time cost).
http://bbs.yorkbbs.ca/viewthread.php...extra=page%3D1
Read my post at 第2楼, 第3楼, 第10楼, 第14楼
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