I was contacted by the Globe and Mail to appear in their “Me and My Money” column to talk about my current investments and portfolio approach. Pretty neat!
Today on IndependentInvestor.Info, Marc Ryan posted a great article on the various mutual fund fees that investors are occurring beside the traditional MER. There so many different type of fees that investors are facing — about 13 different kind of fees!. It can be quite scary and dangerous to the investor. I highly suggest you to read the article.
Also article refers to another article written by www.bylo.org on fees. Bylo shows how your portfolio erodes over time for a variety annual fund costs:
OUCH!
So please, when you invest, keep costs low! No wonder that funds that perform the best are the ones with the lowest fees!
Update:
My second article for independentinvestor.info was posted this week. I reviewed the “Dick Davis Dividend” book. It is an excellent book with many financial lessons and straight talk on finance for new and current investors. I highly suggest to either read the article I wrote or get the book!
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Français (French)
Addition :
Mon deuxième article pour investisseurautonome.info est apparu sur le site. J’ai voulu écrire une revue sur le livre ‘Dick Davis Dividend’. C’est un excellent livre pour les nouveaux et actuels investisseurs. Un livre grandement recommandé ou simplement lire l’article que j’ai écrit!
Update:
I have received some emails asking me why I did not reviewed discount brokers platforms or why I did not mentioned the key differences between discount brokers various trading electronic platforms.
The answer to this is quite simple:
1) If you are passive investor, there is no need for an advance trading platform. The simple and free (often web based) platform will do the job just fine. You don’t need technical analysis tools. Simply pointless.
2) The non-free web based platform are far from being cheap. It starts from $100 to $250 per year!
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Ajout:
J’ai reçu quelques courriels me demandant pourquoi je n’ai pas écrit sur les différentes plateformes électroniques (pour les transactions) des courtiers à escompte ou pourquoi je n’ai pas mentionné les principales différences entre les plateformes offertes par les courtiers à escomptes
La réponse à cette question est très simple:
1) Si vous êtes investisseur passif, il n’est pas nécessaire d’avoir une plateforme de négociation avancée. La simple version gratuite (souvent basé sur le Web) fera le travail très bien. Vous n’avez pas besoin d’outils d’analyse technique. Simplement inutile.
2) Les plateformes qui ne sont pas gratuites sont dispendieuses. Ils vont de 100 $ à 250 $ par année!