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moneysense.ca, 29/05/08
This and That
- The fall of Bear Stearns is the biggest business story of the year by far and many books will likely be written on the topic. The Wall Street Journal weighs in with a three part series (Missed Opportunities, Run on the Bank and Dear or No Deal?) on the swift collapse of the brokerage firm.
- The Star’s Ellen Roseman offers this piece of advice to rebate cardholders: “Read your statements each month and the accompanying bill inserts – or you could miss out on valuable rewards”.
- Rob Carrick on how to pick a trustworthy investment adviser.
- Jon Cheveau talks to Malcolm Hamilton who advises young couples to pay down debt first and worry about saving for retirement later. The Wealthy Boomer also conducted a two part video interview with Mr. Hamilton (Part 1 and Part 2) that’s worth checking out.
- Canadian Mortgage Trends reported that the big banks are chopping the interest rates on fixed mortgages.
- Gail Vaz-Oxlade says that reading (your bills) can save you money.
- ETFs were supposed to be ultra low-cost vehicles that allow average investors like you and me to do better than most professionals out there. Tom Bradley bemoans the perversion of the idea in new products that charge 2.25% for a bunch of ETFs. Mutual funds, anyone?
- Thicken My Wallet on why large mutual funds under perform the market.
- Congratulations to Million Dollar Journey for a mention in the Summer 2008 issue of MoneySense magazine.
- New blogger Jim Somerville explains estates and probate fees.
moneysense.ca, 29/05/08









re: Fees on fees for funds of funds
I thought this sort of abomination was unique to the hedge fund industry, but I was wrong. I don’t suppose that 2.25% is net of ETF management fees and transaction costs? At least for funds of hedge funds, the investor is paying for the search and transaction costs associated with investing in hedge funds, which can be considerable. Paying similar fees on a fund of ETFs seems like a swindle.
Thanks again for giving me the heads up on the MoneySense mention. Enjoy the weekend!
Thanks for the mention.
ETF’s- Nothing like the financial industry to take a friendly product and jack up the fees which is why you should be the company and not their product.
Two articles on the benefits of *reading* before jumping into a contract or agreement. It is amazing how much money we can save just by taking some time to glance over the fine print, and how much money we lose, too.
Thanks for the mention today. I just barely scratched the surface of the topic mainly to show people that probate can sometimes be avoided with a little bit of planning.
Thanks for giving me the explanation it is amazing how much money we cam save and if i write a single word wrong how can i loss our money
frank