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  1. #41
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    Quote Originally Posted by cidley69 View Post
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    What do you call the type of professional that will do that, and where are you they found?
    Discretionary PM managers. They are fiduciaries. (Like actual fiduciaries, not Realtor-TM fiduciaries).

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    Quote Originally Posted by cidley69 View Post
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    Pretty much every economist in the world forecast a market pull back, doesn't seem like financial advisor would need to be nastrodomus to realize a portfolio restructure would hedge against a global slow down.
    Economists are predicting a recession. Market participates are predicting the market.

    It is a common misconception that the markets track economic performance.

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    Quote Originally Posted by ExtraSlow View Post
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    What's the threshold requirement for those guys these days? I asked once, didn't qualify, then never thought about it again.
    They do this with pricing as well. Very expensive on the first $1MM in assets, then declining rapidly above 3-5.

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    Markets are 23% off. Buy more now.

    Or if you’re 89coupe, he thinks there’s another 23% off coming so you can hold out for more savings.

    Either way it’s always a good time to buy

    Just ride it out. I think I’m down 30% from peak lol
    Originally posted by rage2
    Shit, there's only 49 users here, I doubt we'll even break 100
    I am user #49

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    Yea a few places I know of have a $ minimum in fees. Want to go under a million? They dgaf but the fees aren’t any lower, even if it means you are paying 5%+.

    Once you hit a certain threshold the fees become more reasonable/proportional.
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.
    Quote Originally Posted by Yolobimmer View Post
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    guessing who I might be, psychologizing me with your non existent degree.

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    Ha that’s why I self manage lol you guys in those clubs?

    Beyond ballers, out yourself!
    Originally posted by rage2
    Shit, there's only 49 users here, I doubt we'll even break 100
    I am user #49

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    lol you're getting mega major ripped off if your FM company is charging you fees + MERs.

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    Quote Originally Posted by sabad66 View Post
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    Talk to @dezmarez . Excellent dude who can probably help you out with this either directly or point you to someone who can
    Know / used Matt a lot back in the day. When he moved to wealth - my amount I moved over (also 6 figures) didn't do nearly as well as in my Manulife accounts. I don't blame him but I pulled it out and brought it back. It seemed to me that if you are starting out; TD was good to me, and if I had 8 figures I bet TD would also be good to me. That middle ground was a no-mans land where I didn't get access to the best products but I still had a wealth advisor.

    Perhaps it has changed, and I miss having him for other stuff, but TD really didn't do well for me there.
    Last edited by The Cosworth; 09-27-2022 at 09:19 AM.
    Cos...

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    I have a guy at investors group who I used to know when he was in the energy business. He's a really sharp guy. He's also convinced he could save me a lot of money. I think he's probably sure that he can make decent income from this.

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    Seeing as how the MER is paid no matter how the funds/etfs do, yeah.

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    For those of you managing your own money using the couch potato method instead of using an investment adviser, how are things going?

    I'm getting tired of the high fees my guy is charging and while the returns are ok, I'm questioning if I might be better off just putting it in some of the couch potato funds and then tweaking a few times throughout the year.

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    I mean just look at a chart of the S&P 500 and you will have a good idea
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.
    Quote Originally Posted by Yolobimmer View Post
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    guessing who I might be, psychologizing me with your non existent degree.

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    Quote Originally Posted by killramos View Post
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    I mean just look at a chart of the S&P 500 and you will have a good idea
    I mean for your average person that’s all you really need to know aha unless your guy can beat the spy lol
    Originally posted by rage2
    Shit, there's only 49 users here, I doubt we'll even break 100
    I am user #49

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    You shouldn't be doing much "tweaking" for true couch potatoes.
    The chart for cdz or any broad index ETF is publicly available.

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    80% of my portfolio is a mix of qqq/spy/veqt but that 20% tlry (-70%) fked it all up fml - buying nothing but veqt for the rest of my life. Bye bye to 5-7 years of gains if tlry is a total write off lol
    Originally posted by rage2
    Shit, there's only 49 users here, I doubt we'll even break 100
    I am user #49

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    TD had Jeff Ber as an advisor. So careful. Just because it's a big bank doesn't mean there's no shady people.

    https://globalnews.ca/news/7986645/c...d-jeffrey-ber/

    $70K fine and a hand slap for 3yrs.

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    Quote Originally Posted by Pacman View Post
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    For those of you managing your own money using the couch potato method instead of using an investment adviser, how are things going?

    I'm getting tired of the high fees my guy is charging and while the returns are ok, I'm questioning if I might be better off just putting it in some of the couch potato funds and then tweaking a few times throughout the year.
    What are you invested in and what are your goals? Is it someting specific that you are with a high fees advisor or just like the ease of it?
    If its index funds, then there are othr simpler options.

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    Most advisors just pick some funds that are sold by the company they work for. Most are just closet index funds. Any specific-market funds probably do very poorly because there's too much money to invest.

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    I actually moved all my RRSP Mutual Funds with RBC to Direct Invest earlier this month as I was also getting tired of MER.
    Not doing couch potato, but mostly VEQT/XEQT and some stonks

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    Questrade + VGRO = Low stress RRSP
    Ultracrepidarian

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    Quote Originally Posted by tonytiger55 View Post
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    What are you invested in and what are your goals? Is it someting specific that you are with a high fees advisor or just like the ease of it?
    If its index funds, then there are othr simpler options.
    I'm not with one of the big banks. With an advisor at a smaller firm who has a CFA. 70% stocks, 30% bonds. Decent returns but the 1% fee starts to add up. Just exploring if I can toss money into VBAL or VGRO and pay a .20% MER instead and try it that way.

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    Quote Originally Posted by Pacman View Post
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    I'm not with one of the big banks. With an advisor at a smaller firm who has a CFA. 70% stocks, 30% bonds. Decent returns but the 1% fee starts to add up. Just exploring if I can toss money into VBAL or VGRO and pay a .20% MER instead and try it that way.
    Wealthsimple might be a beter option. Buy the ETFS through that. Rebuild what your advisor has done. But amend the percentage as you get older.
    Or Questrade like MSommers mentioned.

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