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Originally Posted by RichieRich
I hate to say it but I’m struggling to make the jump to ETFs. I find it intimidating and potentially time consuming when I already have too much stuff/stress in life. So yeah I have far too much with funds but at least they’re some of the lowest MERs relative to top quarter returns overall. Any advice on how to initiate the jump to ETFs?
I recently did a retirement forecast and noted that going ETFs versus MERS (typically lower than 2%) is a huge drain and means I gotta work longer to save more. Of course the risk is poor management of my chosen ETFs. Sigh…
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You can start with XGRO 80/20 indexed and bonds and probably a little bit too much home country bias. It’s one ETF you can set up auto purchasing and dividend reinvestment on quest trade and forget about it. .20% MER. There is also Xeqt, and xbal which have different levels of bond exposure. And also Vanguard equivalents instead of blackrock. Those work well if your investments are all non-taxable.
Once you have taxable accounts you want to spilt your US/Bonds/global/can for better tax efficiency and at that point paying to get that all set up in the most efficient manner can add value.