Reversing Mutual Fund Purchases
If you use a TD Mutual Fund account, they keep close tabs on your trades and will make you live to your Risk profile, and will reverse trades, if you are doing things outside of that Risk Profile.
If you use a TD Mutual Fund account, they keep close tabs on your trades and will make you live to your Risk profile, and will reverse trades, if you are doing things outside of that Risk Profile.
The MER is truly a drain on your investments growth, the funds argue they are fair, but are they really?
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