Are mutual funds a RIP OFF?

Many Canadian investors use mutual funds as their primary source for investing. This isn't a bad thing. Some mutual funds have delivered exceptional returns over long periods, and done well for their unitholders. But there are some hefty costs associated with having that management. And often it is difficult to justify them.

A major cost associated with mutual fund investing is the advice you get from a representative at the bank or advisory firm. Those fees cover a whole host of financial planning services you are supposed to get, and many times you do get them. If so, it could be very worthwhile. But if you aren't receiving these services, you are still paying for them every single day you are invested in those mutual funds.

In this video we will look at the main fees in mutual fund investing and the services you are supposed to receive for them. Ultimately we'll try to understand if you're getting good value, or you're getting ripped off. It can be different for every investor. From there you can consider some options for moving forward.

DISCLAIMER

This channel is for educational purposes only. The topics discussed are my personal views and will not be suitable for everyone. Individual circumstances and current events are critical to sound investment planning. Anyone wishing to invest for themselves has to take full accountability for the outcomes. Successful investing means coming up with your own plan and owning the results. Now go bet on yourself!