I've laid out this entire playbook on a single page. It shows you exactly how to switch, what ETF to pick for your risk level, and how to do it all for $0 in commissions.
Get the free, step-by-step Canadian guide here:
www.icaninvest.ca
#CdnFinance #Investing #PersonalFinance #TFSA #RRSP
I've laid out this entire playbook on a single page. It shows you exactly how to switch, what ETF to pick for your risk level, and how to do it all for $0 in commissions.
Get the free, step-by-step Canadian guide here:
www.icaninvest.ca
#CdnFinance #Investing #PersonalFinance #TFSA #RRSP
You can break the cycle in less than an hour.
1) Open a TFSA/RRSP at a zero-commission brokerage.
2) Fund the account.
3) Buy a single all-in-one ETF.
4) Set up automatic contributions.
You will immediately be ahead of 97% of "professionally" managed money.
You can break the cycle in less than an hour.
1) Open a TFSA/RRSP at a zero-commission brokerage.
2) Fund the account.
3) Buy a single all-in-one ETF.
4) Set up automatic contributions.
You will immediately be ahead of 97% of "professionally" managed money.
The simple alternative is a low-cost, all-in-one ETF (like XEQT or VGRO). The cost is around 0.2%.
That's 10 times cheaper for what is historically a better outcome. Your bank knows this, but sells their expensive funds for their own profit.
The simple alternative is a low-cost, all-in-one ETF (like XEQT or VGRO). The cost is around 0.2%.
That's 10 times cheaper for what is historically a better outcome. Your bank knows this, but sells their expensive funds for their own profit.
Think about that. 97 out of 100 professionals took your 2% fee and delivered a worse result than you could have gotten by simply buying a basic, low-cost index fund and doing nothing.
Think about that. 97 out of 100 professionals took your 2% fee and delivered a worse result than you could have gotten by simply buying a basic, low-cost index fund and doing nothing.
The proof comes from the SPIVA Canada Year-End 2023 report, which tracks professional fund manager performance.
The report reveals that over the last 10 years, 97% of Canadian equity fund managers failed to beat the simple market index.
The proof comes from the SPIVA Canada Year-End 2023 report, which tracks professional fund manager performance.
The report reveals that over the last 10 years, 97% of Canadian equity fund managers failed to beat the simple market index.
They put you in their in-house "Balanced" mutual fund, charging you ~2% per year for their "expert" management.
This 2% fee is a catastrophic leak in your financial future. It's not a one-time cost; it's a permanent tax on your growth.
They put you in their in-house "Balanced" mutual fund, charging you ~2% per year for their "expert" management.
This 2% fee is a catastrophic leak in your financial future. It's not a one-time cost; it's a permanent tax on your growth.
www.icaninvest.ca
www.icaninvest.ca
Wealthsimple has been leading the way for years.
Stay in Canadian dollars:
/JustBuyXEQT.
Wealthsimple has been leading the way for years.
Stay in Canadian dollars:
/JustBuyXEQT.