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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Without actually checking, I was going to guess that Investors Group and Co-operators MM funds might be in that stratosphere. Both are known for high costs. The only time I use MM funds is for a short-term parking place. I don't think I have any money in MM funds right now that isn't being dollar-cost averaged out over a few months. There are better-paying options available so I just use MM funds now for convenience and if the money is heading elsewhere.