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moneysense.ca, 3/05/06
Canadian MoneySaver Seminar
I attended the Canadian MoneySaver seminar titled Cost Cutting Your Way to Wealth presented by founder Dale Ennis at a Costco Warehouse location in town. I enjoyed the seminar and highly recommend it to anyone interested in learning how to improve their financial situation.
Mr. Ennis talked about the importance of saving money to build wealth, how buying a home is the best “investment”, the basics of OAS, CPP, RRSPs and spousal RRSPs and avoiding high mutual fund fees. He also spent quite a bit of time on his method of investing in blue-chip Canadian equities with a history of growing dividends through DRIPs and stock purchase plans (SPP).
If you are unable to attend or missed the seminar in your town, you can get a flavour of the presentation from the slides available here.
moneysense.ca, 3/05/06
Excellent set of slides, good wide spread discussion with explanations for the important stuff. Looks like a good presentation, thanks for posting them.
C8j
I also attended the presentation last night,
and would have to agree that it was a great presentation.
Highly recommend it!
Thanks for the post. Page 18 made me want to vomit. Kinda makes me want to dump my advisor and go with stocks exclusively. Now I am wondering if he gets trailer fees.
Mike: Your advisor probably gets trailer fees. I think advisors should be fairly compensated for their time and expertise but my biggest problem is the undisclosed fees. If I were you, I would benchmark the advisor’s performance against a simple diversified portfolio of index funds. If he or she is not beating the benchmark, I would definitely ask why not. Also, I think you should ask your advisor how much he is being compensated.
Thanks for the personalized response. I like what you’re doing with your website. I check by a couple times a week. Keep up the great work.
My portfolio has primarily an international equity flavor, I got a return well into the double digits last year. However Mr. Advisor will be on a short leash going forward, all my MF’s are front loaded with >2.5%MER. Now I find out about trailer fees and it’s all starting to add up. The tough questions will certainly be asked going forward.
I enjoy actively managing my finances/investments so I’m considering going alone, but I’ve decided to continue with an advisor for a couple more years.
Cheers!
I have not seen the seminar offered in Sault Ste Marie and therefore appreciate you posting the slides. Many thanks.