Because fees are embedded, most Canadians have no idea how much their investments actually cost them.
The average Canadian mutual fund has a return of 7%.
Lets say you have $100,000 in a Canadian mutual fund. Your annual return would be $7,000.
95% of Canadian mutual funds have an imbedded fee of (at least) 2.4%.
Of your $7,000 return, you pay (at least) $2,400 in fees.
(You pay this same 2.4% regardless of how the fund performs.)
This means you are only keeping $4,600. The other $2,400 goes to the bank.
You only keep 66% of your money.
Lets say you kept that investment for 20 years (the average time Canadians hold mutual funds with major banks.) Over those 20 years you will pay $86,104 in fees.
EIGHTY THOUSAND DOLLARS. OF YOUR MONEY.
Do you think you are getting eighty thousand dollars worth of advice or service from your bank?
We don't either.
Would you like to keep that eighty thousand dollars for yourself and your retirement?
Cut the middle man and his deep pockets. Invest for yourself.
You can do it. We can help.
Learn how ➝