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Originally Posted by pseudoreality
I can't speak for "people" or even general trends, but ditching the bank advisor selling me mutual funds versus buying my own ETFs through a discount online brokerage has been a godsend thanks to the Coach Potato Canada website. When I first started I had a basket of ETFs and rebalanced using a spreadsheet. Now I just buy the all-in-one ETF and call it a day. I think it costs an extra 0.1% for the auto-rebalancing, which I can live with. Fortunately, I'm far too lazy to track or try to time the market. I also like to make fun of my friend's stock tips.
As long as I am in registered accounts I think this strategy works for me. However, looks like I'll run out of contribution room soon. Once I get into taxable accounts, then I might want to have an advisor help with allocation for tax efficiencies. This is especially true if I go for the Smith Maneuver where you borrow against your home to invest. I've been eying that up for years, but have been too chicken spit to pull the trigger.
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Yeah, it does depend on what products you're comparing them to and what kind of "advisor".