Quote:
Originally Posted by CaptainYooh
Pathetically managed, undeservingly compensated, unaccountable and, most of all, without any proven knowledge of how to make clients' portfolios grow consistently. Which was a major reason for me switching to self-managing all of my own portfolio.
I've had some money invested for 15 years in three diversified funds with Philips Hager & North, arguably one of the best managed mutual fund companies in Canada. In 2008, the annualized return of my portfolio with them was just over 1%. My own self-directed portfolio was several times better over the same period. This was a big moment for me, when I realized that they don't really know much more than an average interested and disciplined investor.
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Invest directly with Mawer. Look how you'd be doing with Mawer balanced fund for those 15 years, or any other of their funds for that matter.
Don't paint all companies with the same brush.