What is a Management Expense Ratio (MER)?

management expense ratio

Have you ever wondered what is a management expense ratio (MER)? It’s a fee that investors have to pay for many products such as mutual funds and exchange-traded funds (ETFs). Some people don’t even realize this fee is being paid since it’s automatically taken right out of your investment gains. To be clear, even if your investments…

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How To Find A Good Financial Advisor

How To Find A Good Financial Advisor

Whether you’re making your first contribution or you’re a veteran investor, one question that commonly gets asked is: how do you find a good a financial advisor? If you have any financial knowledge then you should probably manage your money on your own. That being said, it’s definitely worth seeking out an advisor or planner if…

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Are Robo Advisors in Canada Right for you?

robo advisors in canada

Taking control of my finances and becoming a do-it-yourself investor was one of my greatest accomplishments. I always tell people that it’s pretty easy to become a DIY investor, all you need to do is get over your initial fears and do a little bit of research. Setting yourself up as an index investor is not…

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Why I Became Serious About Money

serious about money

About 7 years ago I was on top of the world. I was doing well in my career, and I had recently gotten engaged to my girlfriend. Paying for the wedding wasn’t a huge concern since I had been saving for a long time, plus I had been making steady RRSP contributions so I figured I…

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Questions To Ask Your Financial Advisor

Financial advisors don't require propertraining

Earlier in the year I wrote about how to find a good financial advisor which focused on fee only and fee-based advisors. Very few of us will start off at that level so I wanted to focus this post around “advisors” at the retail level. The ones that are available at your local bank or…

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