If we’re angry about high prices, why do we let the investment industry get off easy?

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 35 sec. here
  • 49 min. at publisher
  • 📊 Quality Score:
  • News: 181%
  • Publisher: 92%

Canadian News News

Canada News,Breaking News Video,Canadian Breaking News

Investors owe it to their future retirement savings to get more militant about fees

It’s human nature to worry more about what’s happening today versus the future, but retirement could last 30-plus years. You owe it to your future financial security to get more militant about investing fees. Try channelling some of your anger about high

Investment industry polls show there’s still some uncertainty about fees investors pay and what precisely is covered and not covered by the new fee disclosure rules. But with fees, it can be more productive to look at the small picture as opposed to the big. Commissions charged by online brokers to buy stocks and funds can be as much as nearly $10 per buy and sell transaction. But there are some zero-commission brokers – Wealthsimple, National Bank Direct Brokerage, Desjardins Online Brokerage and, with some limitations, TD Easy Trade. Use one of these brokers or apps to invest in asset allocation ETFs and have a low-cost, diversified investing plan you can follow for decades.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Spotify earnings preview: Investors eye potential price hikes with profits in focusSpotify will report first quarter earnings before the bell on Tuesday. Here's what to know.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »