Mutual Funds are cool, I swear!!!
Sep 03, 2021Mutual funds get a bad rep! Commercials tell you that their fees are crazy high, their performance sucks, and you can do it better with ‘XYZ’. I disagree 🧐
Here is why💡
1. 𝐓𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐠𝐨𝐨𝐝 𝐚𝐧𝐝 𝐛𝐚𝐝 𝐟𝐮𝐧𝐝𝐬. Just like baseball teams, wine, and car seats – some are good, some are not. When you take some time picking the right one, typically you do better – fair?
2. 𝐃𝐨 𝐧𝐨𝐭 𝐬𝐞𝐭𝐭𝐥𝐞. Walking into your bank and taking what they have on the shelf is like buying a new car in bright yellow, when you wanted silver, because it was easiest. Do yourself the favour of working with an independent advisor that can help get you into one of 25,000+ mutual funds in Canada. You do not have to settle, I promise.
3. 𝐓𝐡𝐞𝐲 𝐝𝐨𝐧’𝐭 𝐬𝐮𝐜𝐤. I literally quit my job and started my own business only selling mutual funds – instead of trading stocks, bonds, etc. – because of the performance of a few very specific funds that I determined there was no chance I would ever match the return on as consistent of basis.
There are all sorts of great mutual funds out there, you just have to know where to look (or who to look with!) 🙋
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