Most investors get told they should get a Balanced Mutual Fund for safe but steady growth, but what are you paying in terms of MER or Management Fees? Why not buy an Index Fund or the like, an entire Index is very balanced as well. Let’s take the FUN for banks out of Mutual Funds.
#MER #IndexFunds #Balanced
Decluttering financially sounds simple, but it is not as simple as you would hope. The build up of financial clutter is dangerous.
As I mentioned one of the common themes I hear from folks when I attempt to chat with them about how they are saving for their future, is the Tyranny of Choice, and the mental… Read More »Choices: ETF, Mutual Fund, Index Fund, GIC’s, Stocks, Hedge Funds,…
There are so many investing ideas out there that investors now suffer from the tyranny of choice. Which of the investing concepts are the right one for you?
Feeling locked in isn’t just a tech problem—it happens in finance too. In this post, I reflect on how I ended up financially locked in by sticking with familiar but underperforming investment products like mutual funds in my kids’ RESP. Despite better options like ETFs being available, I stayed put out of habit, convenience, or the illusion of safety.
Inspired by the concept of technological lock-in, I realized this mindset also affects our financial decisions. We often cling to what we know, even when better alternatives exist. The key takeaway? Regularly re-evaluate your financial choices. Just because something worked before doesn’t mean it’s still your best option.
Keywords: locked in, financial decision-making, RESP, mutual funds vs ETFs, investment strategy, financial planning, Canadian finance
