Quote:
Originally Posted by Nancy
Why make blanket statements without researching first? There are about 15 MM funds with MERs greater than 1.5%
Just a few at random:
Co-Operators Money Market VP 2.18%
BMO Guardian Cdn MM 1.52%
Primerica Cdn MM 1.84%
Clarica SF CI MM 1.67%
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Your right, I should've qualified that comment a little more. In any event, if you net the 1% that is after the MER, so IMO its a moot point.
That, and why you would buy a MM fund is kind of beyond me to begin with when there are other options that are set rates of return with no risk that are much higher.