Quantcast
What to do with my investments? - Page 4 - Beyond.ca - Car Forums
Page 4 of 9 FirstFirst ... 3 4 5 ... LastLast
Results 61 to 80 of 180

Thread: What to do with my investments?

  1. #61
    Join Date
    Nov 2004
    Location
    Calgary
    My Ride
    A slow bike & an even slower car.
    Posts
    6,336
    Rep Power
    31

    Default

    Quote Originally Posted by killramos View Post
    This quote is hidden because you are ignoring this member. Show Quote
    I mean... lots of people think GIC’s are smart long term investments.
    Depending on your circumstances/goals, they may be.

  2. #62
    Join Date
    Jan 2008
    Location
    Upstairs
    My Ride
    Natural Gas.
    Posts
    13,330
    Rep Power
    100

    Default

    Quote Originally Posted by mr2mike View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Based on the Crypto Challenge, I would consider taking all financial advice from ExtraSlow and purchase Dogecoin.
    https://forums.beyond.ca/threads/406...light=Dogecoin

    Nice call-back.
    Quote Originally Posted by killramos View Post
    This quote is hidden because you are ignoring this member. Show Quote
    You realize you are talking to the guy who made his own furniture out of salad bowls right?

  3. #63
    Join Date
    Sep 2002
    Location
    Calgary
    My Ride
    '04 E46 330ci ZHP
    Posts
    348
    Rep Power
    22

    Default

    Quote Originally Posted by JRSC00LUDE View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Is that anything drastically different than how mutual funds fluctuate when markets decline? Shouldn't nearly anyone, even the most hands off, have a basic understanding of funds moving up/down or am I misunderstanding?
    You're not misunderstanding at all...however many people do not have a basic understanding of how these things work. They may think it'll go down, but be surprised by the magnitude of which it will fluctuate. For VRGO for example, in a sharp downturn in the equity markets (like in 2008) you shouldn't be surprised to see it's value drop by 30%. It's just the way it works.

  4. #64
    Join Date
    Jun 1987
    Location
    SK
    My Ride
    Fit Dugan Signature (2016)
    Posts
    3,375
    Rep Power
    100

    Default

    Quote Originally Posted by 91_Integz View Post
    This quote is hidden because you are ignoring this member. Show Quote
    You're not misunderstanding at all...however many people do not have a basic understanding of how these things work. They may think it'll go down, but be surprised by the magnitude of which it will fluctuate. For VRGO for example, in a sharp downturn in the equity markets (like in 2008) you shouldn't be surprised to see it's value drop by 30%. It's just the way it works.
    What I find confusing is how much it is costing me at the end of the day with the funds I have, I don't find it to be clear but I may just have not put a concerted effort in admittedly. I am very hands-off and haven't make any effort to learn that part of the finance world. Also how does one evaluate whether it's worth transferring their holdings to these types (VRGO etc.) once you factor in costs and whatnot? Your adviser is never going to tell you it's the right thing to do because you're taking money from them.
    Last edited by JRSC00LUDE; 10-18-2019 at 02:23 PM.
    Originally posted by SJW
    Once again another useless post by JRSCOOLDUDE.
    Originally posted by snowcat
    Don't let the e-thugs and faggots get to you when they quote your posts and write stupid shit.
    Originally posted by JRSC00LUDE
    I say stupid shit all the time.
    ^^ Fact Checked

  5. #65
    Join Date
    Nov 2004
    Location
    Calgary
    My Ride
    A slow bike & an even slower car.
    Posts
    6,336
    Rep Power
    31

    Default

    Quote Originally Posted by JRSC00LUDE View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Your advisor is never going to tell you it's the right thing to do because you're taking money from them.
    Exactly. You need to do the research yourself.

    Your holdings need to reflect your objectives. What are you trying to accomplish? Are you using the funds to retire, or...?

    Next question: how long until you need the funds? What 91_Integz is saying is that VGRO and funds like it are still subject to market volatility, and VGRO as an aggressive fund especially so.

    RE: costs, you pay a % of your holdings as a fee. That's the MER. If your funds have a 1% MER, you pay $1/$100 invested.

    Costs to transfer are minimal. If you move to Questrade, buying an ETF is free. Transferring funds from your current RRSP/TFSA/etc. to QT is pretty easy as well.

  6. #66
    Join Date
    Sep 2004
    Location
    Calgary
    Posts
    10,406
    Rep Power
    35

    Default

    Quote Originally Posted by JRSC00LUDE View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Your adviser is never going to tell you it's the right thing to do because you're taking money from them.
    Correct me if I am wrong but they aren't even fiduciaries - so they don't even have the slightest obligation to act in your best interests. They have about the same motivation to steer you down the right path as a used car salesman who has everything to gain and nothing to lose by bending you over as far as possible.

    I met with an RBC adviser for our company's RRSP matching plan (I had to in order to switch the account to self directed) and he literally could not provide me with a reason why I should buy RBC ETFs haha, but he REALLY wanted me to buy them.

  7. #67
    Join Date
    Nov 2003
    Location
    Moo Town
    My Ride
    (0^oo^0)~
    Posts
    746
    Rep Power
    23

    Default

    Well to be fair alot of these "advisor" roles are entry-level and the individuals trying to tell you what to do with your money are probably no better off than you. That's why I mentioned that these so called services are just a smoke screen designed to make you feel like you're getting proper advice.

    No disrespect to anyone in these jobs but I don't like taking advice from people without bona fides. It's like getting nutrition and diet advice from a fat guy. And even then, you have to think critically if what they're telling you is aligned with your interests.

  8. #68
    Join Date
    Sep 2002
    Location
    Calgary
    My Ride
    '04 E46 330ci ZHP
    Posts
    348
    Rep Power
    22

    Default

    Quote Originally Posted by Mitsu3000gt View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Correct me if I am wrong but they aren't even fiduciaries - so they don't even have the slightest obligation to act in your best interests. They have about the same motivation to steer you down the right path as a used car salesman who has everything to gain and nothing to lose by bending you over as far as possible.

    I met with an RBC adviser for our company's RRSP matching plan (I had to in order to switch the account to self directed) and he literally could not provide me with a reason why I should buy RBC ETFs haha, but he REALLY wanted me to buy them.
    A fiduciary responsibility only exists when an Advisor (typically with the title Investment Counselor, or Portfolio Manager) provides discretionary portfolio management on behalf of a client. This service is typically reserved for the high net worth segment of the market, as Buster alluded to earlier. Anyone else who claims to be a fiduciary is lying.

  9. #69
    Join Date
    Sep 2002
    Location
    Calgary
    My Ride
    '04 E46 330ci ZHP
    Posts
    348
    Rep Power
    22

    Default

    Quote Originally Posted by JRSC00LUDE View Post
    This quote is hidden because you are ignoring this member. Show Quote
    What I find confusing is how much it is costing me at the end of the day with the funds I have, I don't find it to be clear but I may just have not put a concerted effort in admittedly. I am very hands-off and haven't make any effort to learn that part of the finance world. Also how does one evaluate whether it's worth transferring their holdings to these types (VRGO etc.) once you factor in costs and whatnot? Your adviser is never going to tell you it's the right thing to do because you're taking money from them.
    I can help you with this if you want. Send me a PM.

  10. #70
    Join Date
    Sep 2004
    Location
    Calgary
    Posts
    10,406
    Rep Power
    35

    Default

    Quote Originally Posted by 91_Integz View Post
    This quote is hidden because you are ignoring this member. Show Quote
    A fiduciary responsibility only exists when an Advisor (typically with the title Investment Counselor, or Portfolio Manager) provides discretionary portfolio management on behalf of a client. This service is typically reserved for the high net worth segment of the market, as Buster alluded to earlier. Anyone else who claims to be a fiduciary is lying.
    Thanks for confirming

  11. #71
    Join Date
    Oct 2003
    Location
    Calgary
    My Ride
    ute
    Posts
    4,937
    Rep Power
    100

    Default

    Quote Originally Posted by rx7boi View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Well to be fair alot of these "advisor" roles are entry-level and the individuals trying to tell you what to do with your money are probably no better off than you. That's why I mentioned that these so called services are just a smoke screen designed to make you feel like you're getting proper advice.

    No disrespect to anyone in these jobs but I don't like taking advice from people without bona fides. It's like getting nutrition and diet advice from a fat guy. And even then, you have to think critically if what they're telling you is aligned with your interests.
    There is a wide variety of capability when it comes to financial advisors.

    But if you're talking to a discretionary portfolio manager, you are talking to the highest level of qualification in the industry. Usually they have a CFA. These people are NOT mutual fund slingers from WFG.

  12. #72
    Join Date
    Apr 2006
    Location
    Cowtown
    My Ride
    10' 4Runner SR5
    Posts
    6,345
    Rep Power
    58

    Default

    Quote Originally Posted by A790 View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Exactly. You need to do the research yourself.

    Your holdings need to reflect your objectives. What are you trying to accomplish? Are you using the funds to retire, or...?

    Next question: how long until you need the funds? What 91_Integz is saying is that VGRO and funds like it are still subject to market volatility, and VGRO as an aggressive fund especially so.

    RE: costs, you pay a % of your holdings as a fee. That's the MER. If your funds have a 1% MER, you pay $1/$100 invested.

    Costs to transfer are minimal. If you move to Questrade, buying an ETF is free. Transferring funds from your current RRSP/TFSA/etc. to QT is pretty easy as well.
    I think I'm going to transfer my RRSP to Questrade after reading this thread.
    Ultracrepidarian

  13. #73
    Join Date
    Nov 2004
    Location
    Calgary
    My Ride
    A slow bike & an even slower car.
    Posts
    6,336
    Rep Power
    31

    Default

    Quote Originally Posted by msommers View Post
    This quote is hidden because you are ignoring this member. Show Quote
    I think I'm going to transfer my RRSP to Questrade after reading this thread.
    I did, but I still keep $5k in my Scotia iTrade as I find its research tools are better than QT's.

    But for buying/selling ETF's? QT is great.

  14. #74
    Join Date
    Nov 2003
    Location
    Moo Town
    My Ride
    (0^oo^0)~
    Posts
    746
    Rep Power
    23

    Default

    Quote Originally Posted by Buster View Post
    This quote is hidden because you are ignoring this member. Show Quote
    There is a wide variety of capability when it comes to financial advisors.

    But if you're talking to a discretionary portfolio manager, you are talking to the highest level of qualification in the industry. Usually they have a CFA. These people are NOT mutual fund slingers from WFG.
    Yeah, I just meant your typical "let's set you up with a 25 year old TD representative and he'll tell you what products to buy."

    I think we all know there is a variety across the spectrum, but alot of people will walk into a bank talking to low end so called financial advisors who are just glorified salespeople.

  15. #75
    Join Date
    Sep 2016
    Location
    Calgary, Ab
    My Ride
    2021 Zonda CRV
    Posts
    1,008
    Rep Power
    18

    Default

    Quote Originally Posted by eblend View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Thanks for the input. If it changes anythings, I can give some insight.

    I am 35, dual income, no kids. Mortgage is paid off for my 1600 square foot home. My car is 2018 and was the first new car I ever bought (paid off), my other car is a 2009 low mileage for the wife. My TFSA is maxed out and I just top it off every year. I got another 60k or so laying around in savings accounts for day to day purchases. My longer term plan is to buy my dad a new car for retirement ($25-30k cash, in about 18 month) and eventually move into a bigger place, perhaps buy land and build a house outside the city. I pay for everything day to day and can save about $5k a month after all the expenses, and wife has her own savings which she uses when we do bigger purchases (for example, if we were to buy a new home now, she would contribute $150k into the house). Really that's all there is, that's my mo boring life haha. We won't be having kids, we plan to continue travelling as we please and live a normal quiet life. We aren't lavish and don't care about fancy clothes/cars etc. I would love to get a sports car in the future like a GT-R, or an older muscle car to restore, but that's a want more so than a need. I do all my own work on both car and home, so pretty handy, so our expenses are pretty minimal.

    In today's money, I think we could live on $3k a month comfortably, no including our major trips. I would say that in retirement, I would need about 60k in today's money to continue my existing lifestyle, which obviously makes 200k look very poor and I want to make sure I can grow that responsibly. For the time being, I will max our my RRSPs every year for the foreseeable future.

    The single biggest thing I spend money on is travel, with a big trip every second year ($25k or so a year), and smaller trips in between (maybe 10k). I don't spend much for anything else really, wife cooks great so we hardly ever go out.

    My previous TD guy was well involved with my finances, I just really hated going downtown, but yah, once RBC got my money I haven't heard from them. Both charged about the same management fees.
    Apologies for the delayed response. My last two weeks have been brutal at work. I handed in my two weeks notice last week. HA!
    Ok...now I can breathe...

    It sounds like you have got a lot of your shit sorted out. Well done. Not many people get to that level.
    200K in your RRSP may not seem like a lot, but you have your home paid off and that is huge.

    I would still push towards seeing a professional financial planner. The reason is you need to know what is normal within your range.
    For example. I had a client last year. He made 70K a year, had car payments, line of credit etc. 44, no home or kids. He thhoght he was doing good. Compared to where he wanted to be vs other people in that range. He was doing pretty shit. Unfortunately I was the one giving him a reality check.
    A proper financial planner will be able to see and tweak your financial profile compared to others in that range. COmepared to me you are doing great. But compared to others in your range, you might be able to be more efficient.
    91_integz made a valid point. A lot of the value comes from the financial plan and not necessary the product itself.
    Disclaimer, I am a life agent(well for the next two weeks). I always tell my clients, after seeing so many life polices. The secret is how the life insurance is structured.

    You probably have one already but I'l say it anyway. Find a seasoned Accountant.
    One of the key things a financial planner can do is projections of income and investments. Then you can work with your accountant to make sure you are tax efficient.

    I have met a few people who have large RRSP's but regret it as they have been pushed into a high tax bracket. They would have rather paid the tax when they were younger.

    You said you are 35 and your not planning to have kids. Have a think about your legacy and health. If you or your wife did not come home. Whats the game plan? Talk to your accountant on the tax implications. Some people get life insurance polices not because of the insurance, its because the payout is TAX FREE.
    The other reason I raise this is because at age 40 life insurance for men shoots up. We statistically die before women. Women will live longer, but will have health problems.
    I just found out this morning my best friend in London has breast Cancer. The have no kids, financially well off. Early 40's. Now all that has changed massively.

    Your Financial Planner, Accountant and Life Agent are tools. Use the tools in combination with one another to make a plan in the direction you want to go or refine your financial profile.
    I had a client last week whos lawyer told her to change her life insurance beneficiaries from the children to the estate. It took me a hour to explain that lawyer is not licensed to advise that. If she does that then estate is taxable. My point is, her own unconscious bias was enabling her to make a stupid decision as she had so much faith in her 'friend' lawyer rather than her accountant and life agent.
    Hence use all three(or four) advisors to do your planning.

    To your other point regarding ETF's.
    You can buy these from a brokerage account. Most banks have them. TD has Waterhouse. You can buy and sell stock. Each has their own fee structure.
    I would point towards Vanguard and Blackrock etf's. But seeing some of the posts on here, people have already recommended this.

    Buying and selling is its own game and monster. You need to be careful and not deceive yourself. Men see patterns where there are none and will take more risk. Women tend to hold stock and are much more conservative. Both have pros and cons.
    I have reviewed many client flies where women have bought ultra conservative funds. Held them for years and then bitched about how they made fuck all. I have had men, bought investments expecting high returns and then are dismayed at the poor returns or having dips in the market. Some even panic bought or sold.

    If we go with your financial profile as is. You are well ahead. I dont see your problem being investments. I see the problem more in the range of planning, taxation and risk/health.

    In regard to tangerine investments(mutual funds) as someone mentioned. Horses for courses. I use Tangerine. I don't have much investments due to starting late for various reasons(immigration, shitty work etc). But the fund give me flexibility to move funds in the instrument without investing, use dollar cost averaging etc. I cant do that with a brokerage account due to the fee's and minimums required in the account to avoid yearly fee's. You can't do part of that with WealthSimple either.
    So its not good for some, but its good for others.

    Another perspective. If you don't understand finances. You don't have to do that. Many people go down the property and real estate/business route.

  16. #76
    Join Date
    Sep 2005
    Location
    Calgary
    My Ride
    14' 435i
    Posts
    1,575
    Rep Power
    20

    Default

    Quote Originally Posted by tonytiger55 View Post
    This quote is hidden because you are ignoring this member. Show Quote
    $200k is a lot of moola.
    The reason you may not have heard from the RBC advisor is that they have brought your money in. Their job is done.

    Just an alternative viewpoint.
    To be fair it's hard to say what you should do without looking at the entire picture. The general rule I follow is a arse backwards approach.

    For example. How old are you? Which life stage are you at, i.e are you married, kids, have a mistress etc. If you have kids, how old are they? Do you have a mortgage, how much is left to be paid off, and how many years..? How old is your car? Do you have a TFSA, short term and medium-term funds..? Do you have any goals for the next few years..?
    What would you like to do? How do you want to retire or do you want to take care of anything before that (pay off the mortgage early etc), take a nice holiday, renovate the home etc.

    That now gives a picture of how the $200k RRSP fits into all that. Think of your financial profile like lego tool box. The RRSP and LIRA are just some of the pieces.
    It also gives a idea of the potential life events and problems you will face in the next 5, 10, 15, 20 and 30 years. Its not that you wont hit them. You WILL have life events/problems. Its just how hard you want to hit them or avoid them at all. You can start planing your funds around that. So when you hit those life milstones or events. You can reach into your tool box eg. TFSA, RRSP LIRA and find the relevant tool to deal with it. Because you planned it a bit. You know which tool to reach for rather than blindly scrambling to find something that fits to solve the problem, but really makes it worse later.

    The next part is your risk tolerances are assessed.
    Then that gives an idea of where you should put your money rather than what you want. There is a difference.

    Now that has been figured out. From this point If you place your funds in a ETF, wealthsimple, index fund, or a mutual fund. Its not a blind investment. It has a VALUE NOW as the investment is serving a PURPOSE towards your goals.

    You financial advisor/planner should be asking the above questions.
    A good advisor is not an order taken. They will challenge you as they see people every day in various age groups, life stages and income. After seeing so many people, a pattern will start to emerge. Hence the advisors can see potential problems coming up that you may not have seen.

    There are waay too many lazy advisors that do not do that and just rely upon spreadsheets, stats and the blind belief that TD comfort portfolios are the best thing since sliced bread.
    I'l give another example to give context. I have had so may advisors give me all the great speach how some funds are making %% and I should invest. Yet none have asked me about my vehicle and how I might want to replace it in the next year or so, or maybe I might buy a home with my gf and have kids, or I need a bit more emergency funds than the average person as my elderly parents are in the UK. None have asked or calculated the potential problems I may face if I loose my job or asked about my lifestyle as I have a long term illness. That has a profound effect of my need to access my investments and day to day spending.

    When I advise clients, dumping your money into a fund or getting life insurance has no intrinsic value unless it is solving a problem.

    So yes, wherever you put your money. Just be aware of the bigger picture of how that fits in as that equation is really important.

    THIS.. this is how it should be done, time horizons, risk tolerance, goals, current situation, future plans.

    Love going over this with clients and setting up a full plan, figuring out their FIN and working towards it!

  17. #77
    Join Date
    Oct 2003
    Location
    Calgary
    My Ride
    ute
    Posts
    4,937
    Rep Power
    100

    Default

    Quote Originally Posted by tonytiger55 View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Apologies for the delayed response. My last two weeks have been brutal at work. I handed in my two weeks notice last week. HA!
    Ok...now I can breathe...

    It sounds like you have got a lot of your shit sorted out. Well done. Not many people get to that level.
    200K in your RRSP may not seem like a lot, but you have your home paid off and that is huge.

    I would still push towards seeing a professional financial planner. The reason is you need to know what is normal within your range.
    For example. I had a client last year. He made 70K a year, had car payments, line of credit etc. 44, no home or kids. He thhoght he was doing good. Compared to where he wanted to be vs other people in that range. He was doing pretty shit. Unfortunately I was the one giving him a reality check.
    A proper financial planner will be able to see and tweak your financial profile compared to others in that range. COmepared to me you are doing great. But compared to others in your range, you might be able to be more efficient.
    91_integz made a valid point. A lot of the value comes from the financial plan and not necessary the product itself.
    Disclaimer, I am a life agent(well for the next two weeks). I always tell my clients, after seeing so many life polices. The secret is how the life insurance is structured.

    You probably have one already but I'l say it anyway. Find a seasoned Accountant.
    One of the key things a financial planner can do is projections of income and investments. Then you can work with your accountant to make sure you are tax efficient.

    I have met a few people who have large RRSP's but regret it as they have been pushed into a high tax bracket. They would have rather paid the tax when they were younger.

    You said you are 35 and your not planning to have kids. Have a think about your legacy and health. If you or your wife did not come home. Whats the game plan? Talk to your accountant on the tax implications. Some people get life insurance polices not because of the insurance, its because the payout is TAX FREE.
    The other reason I raise this is because at age 40 life insurance for men shoots up. We statistically die before women. Women will live longer, but will have health problems.
    I just found out this morning my best friend in London has breast Cancer. The have no kids, financially well off. Early 40's. Now all that has changed massively.

    Your Financial Planner, Accountant and Life Agent are tools. Use the tools in combination with one another to make a plan in the direction you want to go or refine your financial profile.
    I had a client last week whos lawyer told her to change her life insurance beneficiaries from the children to the estate. It took me a hour to explain that lawyer is not licensed to advise that. If she does that then estate is taxable. My point is, her own unconscious bias was enabling her to make a stupid decision as she had so much faith in her 'friend' lawyer rather than her accountant and life agent.
    Hence use all three(or four) advisors to do your planning.

    To your other point regarding ETF's.
    You can buy these from a brokerage account. Most banks have them. TD has Waterhouse. You can buy and sell stock. Each has their own fee structure.
    I would point towards Vanguard and Blackrock etf's. But seeing some of the posts on here, people have already recommended this.

    Buying and selling is its own game and monster. You need to be careful and not deceive yourself. Men see patterns where there are none and will take more risk. Women tend to hold stock and are much more conservative. Both have pros and cons.
    I have reviewed many client flies where women have bought ultra conservative funds. Held them for years and then bitched about how they made fuck all. I have had men, bought investments expecting high returns and then are dismayed at the poor returns or having dips in the market. Some even panic bought or sold.

    If we go with your financial profile as is. You are well ahead. I dont see your problem being investments. I see the problem more in the range of planning, taxation and risk/health.

    In regard to tangerine investments(mutual funds) as someone mentioned. Horses for courses. I use Tangerine. I don't have much investments due to starting late for various reasons(immigration, shitty work etc). But the fund give me flexibility to move funds in the instrument without investing, use dollar cost averaging etc. I cant do that with a brokerage account due to the fee's and minimums required in the account to avoid yearly fee's. You can't do part of that with WealthSimple either.
    So its not good for some, but its good for others.

    Another perspective. If you don't understand finances. You don't have to do that. Many people go down the property and real estate/business route.
    Can you tell us where you are headed?

  18. #78
    Join Date
    Jan 2008
    Location
    Upstairs
    My Ride
    Natural Gas.
    Posts
    13,330
    Rep Power
    100

    Default

    Quote Originally Posted by Buster View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Can you tell us where you are headed?
    Hopefully straight to the next foodie meet.
    Quote Originally Posted by killramos View Post
    This quote is hidden because you are ignoring this member. Show Quote
    You realize you are talking to the guy who made his own furniture out of salad bowls right?

  19. #79
    Join Date
    Jun 2009
    Location
    Calgary, Alberta
    My Ride
    '14 Taco
    Posts
    808
    Rep Power
    34

    Default

    Quote Originally Posted by mr2mike View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Based on the Crypto Challenge, I would consider taking all financial advice from ExtraSlow and purchase Dogecoin.
    https://forums.beyond.ca/threads/406...light=Dogecoin

    Lol damnit...I rode pretty close to the sun on that one for a week!

  20. #80
    Join Date
    Mar 2004
    Location
    Calgary AB
    My Ride
    2020 Subaru Forester Sport
    Posts
    2,967
    Rep Power
    41

    Default

    Thanks for all the info guys. I tend to not think about the future too much and always presume things will remain the same, which is obviously isn't usually the case. I guess I take the approach of dealing with the issue when it comes, and not really plan for it.

    Think in the mean time I will move my stuff to QT or WealthSimple Invest (separate from their main product) as both allow you to buy ETFs for free.

    I really don't like to manage things, so would standard WealthSimple not be a very good idea? Seems like over $100k in management the fee is .4% which isn't that big, and gives me some additional benefits like Airport lounge access, never used them but I travel lots and would use it if I had that benefit.

    My main question regarding ETFs is the whole re-balancing thing. If I invest into the few ETFs mentioned here directly myself, do I have to "re-balance"? I understand the concept of re-balancing I think, but not sure how that applies to ETF? I mainly want to buy into something and forget it, check it once every few months type of approach.

Page 4 of 9 FirstFirst ... 3 4 5 ... LastLast

Similar Threads

  1. Official Short-term Investments Thread

    By szw in forum Real Estate / Finance
    Replies: 35556
    Latest Threads: 03-21-2024, 03:35 PM
  2. Investments: Online broker

    By dmtx in forum Real Estate / Finance
    Replies: 14
    Latest Threads: 02-08-2007, 09:54 PM
  3. Goldquest , Elite FX Investments ??

    By Super2 in forum Real Estate / Finance
    Replies: 1
    Latest Threads: 10-19-2006, 06:58 PM
  4. How Did Your Investments Do in 2004?

    By max_boost in forum General
    Replies: 29
    Latest Threads: 01-22-2005, 04:53 PM
  5. Best Investments Available

    By Singel in forum General
    Replies: 10
    Latest Threads: 10-08-2004, 01:56 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •