I'm not a fan of the bank. if you can try and sit down with an independant investment advisorCalled the bank about 20 min's ago, got the managers voicemail - I was "HOT"
got a call about 3 min's later, guys coming to the house first thing Monday morning Hmmmm Never got that before
Says they have a fund that if we move into now buying at low value and keep locked in til 2015 we'll recoup very quickly
these bankers are worse than used car salesmen I swear[/b]
:werd: but you also have brokers who transact the $hit out of your portfolio, then you take a hit every trade.. it goes both ways.Worst part is if your invested in mutual funds you actually lose another 2.5 - 3% more than the market loss due to the funds MER charges per year. (assuming your in Canada)
Nice work for the fund companies, win or lose you pay the MER. They can't lose.
This is unique to Canada we allow ourselves to be sheared like sheep. Other countries consider these fees legalized robbery.
Look into ETF's they operate the same yet average MER is >.5% - (1/2 of 1%)[/b]
I was always told that if you can't afford to lose money, don't play the markets. I guess it's kinda like Vegas.[/b]
opcorn: This should be interesting.[/b]