Thinking about making the switch? My latest MoneySense article is for you!
Switching from Mutual Funds to ETFs
Latest Posts
Larry’s 2023 Perspective
January 18, 2023Greetings to subscribers, both new and seasoned. As we begin a new year, there is some good news...
Switching from Mutual Funds to ETFs good article
thanks sunny!
Outstanding! Just finished “Beat the Bank”. This one of the best financial books I have ever read. Straight talk on all things dark and sinister about the big bank machine and how to keep more of our money. I have always been skeptical of big banks and have been bank online for decades now. Investment was the last piece of our financials to be changed to be as you have put it, fair to us.
Thanks you so much for your great insights.
best regards,
Cameron
Thanks for the feedback Cam!! Please tell your friends and family about Beat the Bank!!:)
Hi Larry, thanks so much for this book.
I found it at my library branch after reading an article online. In the end, I decided to buy it and share it with my family and friends. This is definitely a keeper. I was always careful with any “financial advice” received but the explanation about the True Fee was a big shock. I have transferred almost all my accounts. I would love to transfer the family RESP but It’s complicated since only one of my children is under 18. If I transfer the account, it will be under his name only and the others won’t have access to the funds if needed.
I have a question though. I read the facts of some high return and obviously risky mutual funds (15 to 20% annual return in Asia and the technology sector). Even when they have pretty high MER, I found that they are still interesting if someone can handle the risk and remain with them for a maximum of 5 years before switching to a lower fee product. Does that make sense?
Thanks again and best regards,
Marie
Hi Marie. Glad you like the book and thanks for spreading the word!!
If a fund can produce market beating returns for years AFTER FEES it obviously beats low cost index funds. There will always be funds that outperform. The problem is, they can’t be identified in advance. Recent excellent performance is not a reliable predictor of future performance.
But, it is a personal choice!
Good luck and thanks again.
Larry
Heard about your book on TikTok, a great read! I definitely will be sharing this with my family and friends.