Watch this video by Jonathan Chevreau who explains why fees matter so much to investors. He explains a simple calculation that shows how long it will take for the MER to consume one third of your investment. If the MER is 2.0, it will take 20 years for one third of your investment to be consumed by fees. If the MER is 3.0 it will take 13.3 years. If you were to buy the Vanguard MSCI Canada Index, at 0.09%, it will would take 444 years! Remember, fees are directly related to your overall financial performance.
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Dialogue
Feb 15 2012
SmartSAVER – Helpful RESP Guidance for Canadians
FAIR Canada encourages Canadians to check out www.smartsaver.org for useful tips and information about how to start a Registered Education Savings Plan (RESP) and obtain government money for their children’s post-secondary education…
Jan 16 2012
Why Investment Fees Matter
Watch this video by Jonathan Chevreau who explains why fees matter so much to investors. He explains a simple calculation that shows how long it will take for the MER to consume one third of your investment.
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