In August of 2008, our friend Harry kissed good-bye to the expensive financial products that his advisor sold him. With annual expense ratio fees of 2.6% for his Canadian mutual funds, adding with an estimated hidden fund cost of a further 0.75% per year for the fund’s expenses related to buying and selling stocks within …
Category Archive: Harry’s Account
Permanent link to this article: http://andrewhallam.com/2009/12/05-12-09-harry-still-makes-actively-managed-accounts-look-bad/
Oct
10
2009
14-10-09 – Harry is Not Happy…
I have an apology to make to my friend Harry … I have been tracking his balanced investment account—made up entirely of stock and bond index funds– and I have showcased his results on this website. But Harry isn’t happy… During my last post, I indicated that Harry ‘s account had dropped 0.7% between September …
Permanent link to this article: http://andrewhallam.com/2009/10/14-10-09-harry-is-not-happy/
Oct
03
2009
03-10-09 – Harry is Ahead of Canadian Actively Managed Balanced Funds
This update continues our tracking of Harry’s account. Harry has a diversified, balanced index fund account. I’ve compared its performance over the past 12 months to the respective performances of Canada’s most well known actively managed balanced mutual funds. The premise is that our banks and financial institutions charge too much. And over the long …
Permanent link to this article: http://andrewhallam.com/2009/10/03-10-09-hary-is-ahead-of-canadian-actively-managed-balanced-unds/
Jul
30
2009
30-07-09 – Harry Trounced America’s Biggest Mutual Fund Company
I started this account of diversified index funds (ETFs) for Harry (not his real name), a friend of mine on August 15, 2008, shortly before the markets collapsed. I first posted a blog entry about it in May 2009 and hoped that it could serve as an example for “Do it yourself” investors. This particular account …
Permanent link to this article: http://andrewhallam.com/2009/07/30-07-09-harry-trounced-americas-biggest-mutual-fund-company/
Jun
05
2009
05-06-09 – Harry’s Account revealed!
Imagine walking up to your financial advisor with your newfound knowledge on the superiority of index funds over actively managed funds. In short, you want to swap your actively managed funds (which pay your advisor very well) for passively managed index funds (which don’t pay your advisor very well). But she says, “Oh, indexes don’t …
Permanent link to this article: http://andrewhallam.com/2009/06/50-06-09-harrys-account-revealed/
Welcome to My Blog!
I'm Andrew Hallam. Many people aren't comfortable talking about money. It's not usually a conversational dinner-time topic, and its principles are rarely taught in schools. My goal is to have a "conversation" about it here, on this blog. If you read something you find intriguing, please comment or ask your questions!
I am also the author of the book, Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned at School
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