Image by ptra from Pixabay

Nine years ago, when I wrote the first edition of Millionaire Teacher, the only U.S. or international stock market ETFs available on the Toronto Stock Exchange were currency-hedged. Plenty of investors bought those funds, which were still much better than actively managed products. But much better products (non-currency hedged ETFs) became available in 2013….and many investors didn’t get the memo. I did my best to publish why investors should change: in The Global Expatriate’s Guide To Investing (2014) in Millionaire Teacher (2nd edition, 2017) and in a story for The Globe and Mail (2014). But Canadians still have billions of dollars in these ETFs….the wrong ETFs. This morning, I published another story in The Globe and Mail about these products, providing more evidence and the passage of time to strengthen my point further.