September 2022 update - Are you getting the advice you’re paying for?
A lot of Canadian investors don’t realize how much they pay for investing “advice”. When you purchase mutual funds, especially through a bank or major institution, you will likely be invested in funds that charge an overall annual fee of near 2% or more of your investment. That’s because, in most cases, the fee you pay includes a portion, the commission, that goes to the salesperson selling you the mutual fund. Typically, that commission is around 1% annually. 1% might not so