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Email this1:34 pm
November 18, 2017
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Over the years, I have never felt confident that I knew enough about equity investment to hope to earn enough to make it worth while. Investment advice is heavily divided based on advice-giving self-interest. The one venture I made into a mutual fund back in the seventies lost money by claiming "startup costs" drained them and then heavy investment into bank stock that promptly tanked.
Since then, watching the results of backwards portfolio shadowing have been grim. ETFs make sense but I have no rational way of selecting from them wisely. Careful study of fixed investments in TFSAs and, now that I'm retired, my government benefits have kept me above inflation.
RetirEd
1:49 pm
October 27, 2013
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Equity investing can be highly rewarding BUT it matters very much how one invests. Actively managed mutual funds with MERs of 2-3% are/were highway robbery and advisory commission fees and non-fiduciary relationships were a minefield for investors. There are many horrendous stories and experiences from the past, and can still exist today if one swims in the shark tank.
None of those pitfalls need to apply any more as one can learn from sources like https://www.finiki.org/wiki/Main_Page either with a third party advisor or DIY investing, especially with broad based index investing. An entire portfolio can be built from a single Asset Allocation ETF holding from the likes of BMO, Blackrock iShares or Vanguard Canada. But that is for the subject of an entirely different thread mostly for the Gen-Xers and younger who still have many roads to travel in their investing journey.
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