Investment Advice.
Feb. 18th, 2008 01:25 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
swestrupIndex Funds are pretty much the way to go for small investors. I've known this for some time, but I've never seen it better put than in the article I just linked to.
Now, the only question is: what are the best low-fee Canadian Index Funds? I did some quick googling and found this table, but you'll note that .31 percent is as low as they go, which is more than 50% higher than the .19 percent the article recommends as a cap.
I also came across a rant that talked about this. It seems that Canadian MERs (Management Expense Ratios -- ie fees) are much higher than elsewhere in the industrialized world. In fact, in a (rather opaque) study of 18 Countries, we came out on top with the highest fees.
In fact, the author of that rant suggested that the way to go in Canada to avoid high MERs is to instead invest in Exchange Traded Funds, which I had never heard of before. I'm going to have to look into that.
Now, the only question is: what are the best low-fee Canadian Index Funds? I did some quick googling and found this table, but you'll note that .31 percent is as low as they go, which is more than 50% higher than the .19 percent the article recommends as a cap.
I also came across a rant that talked about this. It seems that Canadian MERs (Management Expense Ratios -- ie fees) are much higher than elsewhere in the industrialized world. In fact, in a (rather opaque) study of 18 Countries, we came out on top with the highest fees.
In fact, the author of that rant suggested that the way to go in Canada to avoid high MERs is to instead invest in Exchange Traded Funds, which I had never heard of before. I'm going to have to look into that.
