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Mutual funds recommendations
June 2, 2017
12:11 pm
Koogie
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AltaRed said
http://www.financialwisdomforu...../index.php
http://canadianmoneyforum.com/index.php
The first one is where I have participated since its beginning in early 2005, and its predecessor before that. Lots of well known 'name recognition' financial participants.  

+1 What little I know about investing has come from reading books, making mistakes and being on the FWF forum listening to serious experts in their fields.

I don't care much for the CMF since the noise to signal ratio is high but I do lurk there a bit.

The only other Canadian forum I like is this one... sf-smile

There are also several good US based ones but you have to weed out the good stuff from all the 401K and IRA talk...

June 2, 2017
7:14 pm
Joe
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AltaRed said

http://www.financialwisdomforu...../index.php

http://canadianmoneyforum.com/index.php

The first one is where I have participated since its beginning in early 2005, and its predecessor before that. Lots of well known 'name recognition' financial participants.  

Thanks for those AR....already had them bookmarked, but will admit I haven't looked at them in over a year.......I'll have a gander this weekend

June 2, 2017
7:21 pm
Joe
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AltaRed said

I don't have any specifics since I am not* a mutual fund buyer. But these 'families' of funds have been well respected and well known for a long time. You will see that by checking performance of individual funds with G&M fund reviews and perhaps more importantly, Morningstar fund reviews.

Personally, I am a believer in low cost (MER) index passive funds since costs matter in terms of fund performance, but offerings from the likes of Mawer et al have good managers and low MER (relatively speaking) for actively managed funds. Companies like Mawer do not pay trailer fees to mutual fund salespersons and thus can offer lower costs. You will never get a commissioned mutal fund salesperson to recommend such funds since they don't get paid by Mawer to sell them.

* My portfolio contains even less costly ETF broad market index products with MERs of as low as 0.05% rather than highway robbery of, for example, 2.5% from the likes of Fidelity. A person can have a complete investment portfolio with as few as 3 broad based index ETFs. As discussed by Canadian Couch Potato, or the Finiki wiki at http://www.finiki.org.  

I also have a couple Vanguard USD etf's with low MER....It's a shame us Canadians cannot buy US Mutual funds....there are some good ones with very low MERs

June 2, 2017
7:46 pm
AltaRed
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Joe said

I also have a couple Vanguard USD etf's with low MER....It's a shame us Canadians cannot buy US Mutual funds....there are some good ones with very low MERs  

I don't see the advantage of mutual funds. You don't know what price you are going to get precisely (it is whatever it is at close). While it likely makes no difference whatsoever, except in rare volatile circumstances, I'd much rather trade ETFs which trade like stocks throughout the trading day. You are in control of the price you buy or sell at.

The upside that some will point out is that (no load) mutual funds can be bought and sold at zero commission to the investor permitting more cost efficient small (in dollars) purchases and sales, whereas most discount brokerages charge $5-10/trade for ETFs. However, the latter is not an issue if one is buying $5k or so at a time though.

FWIW, mutual fund companies in Canada are starting to get into ETFs too. They can see the writing on the wall. Mutual fund sales are declining and ETF sales are climbing.

November 7, 2019
6:02 pm
Bud
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Whose had the best actively managed funds over time? Only a few id imagine

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