21pro said:I know I'm feeling a pinch. My portfolio is down 12% in the last 30 days!
WhOiSyOuRdAdDy? said:Funny thing... about 4 months ago, I moved a large RRSP from one bank to another... I told them I just wanted to put it in GIC's for the next 5-6 months and the "advisor" thought I was crazy .
It seems that bank "advisors" are not acting in the best interest of the customers when it comes to investing... they must get a commission when it goes into mutual funds.
Perchance so, but whether we will have the disposable income to afford SPs is another question entirely.Lisa of Toronto said:depression or recession....everybody will have more time to fuck
Harper and the conservatives are in danger of becoming a 'bloc alberta' on economic issues.nottyboi said:Where do you live? If you support Harpers points of view on this, read between the lines, his economic policy will be focused on resource extraction and NOT manufacturing, i.e it is a western agenda that we have already seen so much of.
The trailer fees from the mutual funds are what most of these so-called experts make the majority of there revenue from.WhOiSyOuRdAdDy? said:Funny thing... about 4 months ago, I moved a large RRSP from one bank to another... I told them I just wanted to put it in GIC's for the next 5-6 months and the "advisor" thought I was crazy .
It seems that bank "advisors" are not acting in the best interest of the customers when it comes to investing... they must get a commission when it goes into mutual funds.
I agree about not throwing money at the auto-sector. The $80 million to Ford was a waste. As far as spending money like a drunken sailor your little man Dion's election promises, excluding the carbon tax in's and out's , outstrip every other party's promises by about 2 or 3 to 1. Perhaps you should keep up to date with what he wants to spend if elected.Compromised said:Harper throwing money at the auto sector is not going to help us. Harper has shown a distain for conservative fiscal policy and has spent like a drunken sailor on shore leave.
And you have the nerve to question other people's critical reasoning skillsDion's green shift is a delightful idea that is simply being presented at the wrong time to get any traction. Neither is talking about how much of our economy is based on the US, neither is offering a solution to the approaching storm.
There were a huge number of regulations brought in in both the US and Canada after Enron. There were very extensive and expensive for all concerned. They have obviously had a wonderful impact haven't they ?Criticising individual politicians for their failure to have either a vision or to present a compelling economic blueprint is not the same as suggesting that there is no place for government regulation.
You are so right JohnLarue. At one point Mutual Funds were the way to get diversification for small investors. With the number of ETFs out there now, they are non longer needed for this purpose.JohnLarue said:The trailer fees from the mutual funds are what most of these so-called experts make the majority of there revenue from.
Most of these guys are really salesmen first, investment experts (cough) second. There are some good ones, but they are in the minority
Ask them about the fees associated with mutual funds.
The first thing out of their mouth is "we do not charge commissions"
That does not answer the question
Every year (quarter??) a Management Expense Ratio is deducted from your MF assets. The majority of this MER goes to pay the advisor who sold the mutual fund & he is paid every year you hold the fund. In the long run, way more expensive than the one time buy and then sell commissions on a stock or ETF
Its the biggest racket wall street ever invented