Why Canada’s Mutual Fund Managers Could Simply Be Bummed

depressed

Canada’s mutual fund managers could be depressed. 

And why wouldn’t they be? The money they manage gets throttled by index funds. 

Psychologically, how could this affect their day to day work? 

 Image courtesy of pixabay.com

I explain it, in my latest Globe and Mail article.





Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School (2nd Ed. Wiley 2017) and The Global Expatriate’s Guide To Investing: From Millionaire Teacher to Millionaire Expat (Wiley 2015). My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I'm happy to comment on your questions. However, please read the Terms of Use, Privacy Policy and the Comments Policy.

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1 Response

  1. Fadiel Razkalla says:

    Hi Andrew
    I took a week off (Spring break) and my mission was to finish reading your book and I wish I read it 20 years ago – well, it wasn’t written yet :).
    There is a lot of revealing facts in it that I have been witnessing over my investment adventure. I remember telling my wife (who is a teacher) that the financial world is just a big scam! I was glad to read that in your book.

    I have three questions for you and I know you are a busy guy so feel free to answer one or all.

    First, I like your opinion about a product I came across from TD which is called TD Comfort Portfolios. There are 6 products and all seem to perform very decent since inception in 2008. By the way, I’m Canadian.
    http://www.tdcanadatrust.com/products-services/investing/mutual-funds/td-comfort-portfolios.jsp#what-does-td-offer
    Here is a discussion about not paying dividends.
    http://www.td.com/to-our-customers/tdhelps/#psce%7Ccid=871%7Clid=1%7Ctid=001%7Cvid=c0e2ef903

    My second question is I would like to start investing in indexes and I will be 57 years old in few days. I’m not retiring soon. Based on the stock market being high now should I go 50% 50% or more bond. I’m one of those people you call “cowboy investor”. I have never bought bonds before but since they are low now, it maybe a good entry point. I like to have a portfolio of 60/40 or 50/50.

    Vanguard is in Canada now but they don’t offer personal advise. I still not sure which index to buy, since there is always more than one under the same category.

    I thank you in advance and I appreciate your time.

    Hope you can write another book!
    Thanks
    Fadiel Razkalla

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