Quote:
Originally Posted by Johnny199r
I haven't touched my investments. They're close to being back to where they were before the bear market. I have all index based ETFs - ie XUU, XIU, XEQT, 100% equities. Even in downturns, dividends roll in.
People always panic sell for a loss during downturns. It's stupid, but they do it.
Interestingly, GIC rates are pretty good. I had to park 100k that I have in cash for a potential down payment for a house next year. I got close to 5% for a 1-year GIC.
|
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…