📈📚 As always, if you're a beginner to the Stock Market in Canada and you're looking for a step-by-step blueprint on how to get started... Find out more about our Investing Academy here - bit.ly/theinvestingacademy
what are your thoughts on CIBC's mutual funds? I'm with them by the way...is it best to move out my money from them? and just transfer it to wealthsimple?
I dealt with a client who had their MF’s with CIBC, and I can honestly say that yes you should move them out. When I moved them out to a fund company like Fidelity, they saw dramatic increases. Wealthsimple is tough because you do it all yourself and can’t take advantage of the expertise of the full-time money managers discussed in this video! Hope this helped.
So I would pay approx 2.5% fee per year and maybe 5% when I sell in 5 years. The math would be 2.5%+1%= 3.5% plus taxes on the profits per year. So the mutual fund has to perform over 4% per year to break even? Am I correct or not? Could you let me know
Recycle, I know about the some of the American Funds that are out there. Can you expand on the Difference between The Investment Company of America and New Perspective fund. Do they have a bond fund? Can you show us the portfolio that's inside each of the funds?
Cheers Howard! Absolutely.. a 10-year time horizon would definitely be considered long-term and there should be no issue investing that into an equity mutual fund :)
📈📚 As always, if you're a beginner to the Stock Market in Canada and you're looking for a step-by-step blueprint on how to get started... Find out more about our Investing Academy here - bit.ly/theinvestingacademy
That's actually what I'm licensed in, I do mutual funds. You did a great job explaining it. Great video Brandon!
Thank you, Lena :)
Amazing job in explaining. I work for a bank and I’m new to mutual funds so I watch your videos:)
Your setup looks great, keep it up and I'm sure your channel will grow fast!
Thank you, Monk! Namaste
Booyyaa!!. I've had invested in Mutual Funds over 10yrs. I have more understanding now than ever!! Thanks Brother!! 👍
💪😎
what are your thoughts on CIBC's mutual funds? I'm with them by the way...is it best to move out my money from them? and just transfer it to wealthsimple?
I dealt with a client who had their MF’s with CIBC, and I can honestly say that yes you should move them out. When I moved them out to a fund company like Fidelity, they saw dramatic increases. Wealthsimple is tough because you do it all yourself and can’t take advantage of the expertise of the full-time money managers discussed in this video! Hope this helped.
what is the cost to open an mutual fund?
So I would pay approx 2.5% fee per year and maybe 5% when I sell in 5 years.
The math would be 2.5%+1%= 3.5% plus taxes on the profits per year.
So the mutual fund has to perform over 4% per year to break even? Am I correct or not? Could you let me know
A bond fund can’t theorically out perform the market… that being said the fund manager can’t really work to beat the market return
“USD”
Is this the same as a TSFA Mutual Fund?
Very informative and easily explained. Thank you so much.
Can I transfer a mutual fund that I'm currently contributing to into a TFSA?
This is a really good video. Thank you.
Recycle, I know about the some of the American Funds that are out there. Can you expand on the Difference between The Investment Company of America and New Perspective fund. Do they have a bond fund? Can you show us the portfolio that's inside each of the funds?
Thank you
Binging your videos. Love the content and clarity of your channel. Keep it up!! :)
:)
I just put 15 grand intimate a mutual fund through cibc bank
How do I invest in a mutualfund? Does wealthsimple have an option to invest in a mutual fund?
Great video
😊
Super helpful! Thank you :)
that face at the end HAHAH, great vid men
LOL glad somebody caught that. Cheers man
Subscribed! Nice presentation of content. Keep it up.
Great content. Now if u just turned 40, is a mutual fund recommended if u don't have a lot of $ but plan to hold for at least 10 years?
Cheers Howard! Absolutely.. a 10-year time horizon would definitely be considered long-term and there should be no issue investing that into an equity mutual fund :)
I would like to know if I can open TFSA account as a temporary residence in Canada.
Thank you.
If you have a SIN number, and file taxes you can do it
I got completely distracted by the cat and couldn't get it out of my head for the rest of the video!
I think Mutual funds are not very good. Over 80% of mutual funds fail.
CHYNA
Ah huh huh
The cat tho 🤢🤮