Watch Out For Expensive Index Funds

When I wrote my book, The Global Expatriate’s Guide To Investing, I spoke with a Raymond James representative about building low cost portfolios of index funds for international teachers. 

This was the idea.  Teachers with at least $20,000 to invest could pay a 1 percent wrap fee and Raymond James could use index funds that cost 0.15 percent or less. 

That’s the going rate for a low-cost index fund.  But if you use Raymond James, and you ask for a portfolio of index funds, make sure you are vigilant. 

You shouldn’t have to pay a commission for each index fund you buy. 

And your advisor shouldn’t stuff your portfolio with the highest cost index funds that he or she can find. 

Raymond James agreed to a 1 percent wrap fee and low cost index funds for the clients who wanted such a portfolio. 

But not every Raymond James representative appears to be playing fair. 

Image by Pixabay

I explain that here

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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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3 Responses

  1. MohitWad1 says:

    Hi Andrew,
    Do you have a recommendation for a software or app to manage an international portfolio? Am based out of Singapore.

    • Hi,

      I’m not sure what you mean. To my knowledge, you don’t need software or an app to build and manage a portfolio of index funds. You just need to open an account with a brokerage and buy your ETFs,


  2. MohitWad1 says:

    Understand and that would work if buying from only one market. Was looking at if you have a reco for portfolio management app or software or website where can manage mutliple markets eg Singapore and India.

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