The Canadian Money Roadmap Five reasons your investment advisor isn't up to the job
Jul 30, 2025
Discover the common misconceptions surrounding investment advisors and why they matter in your financial journey. The discussion dives into the critical aspects of portfolio performance, transparent communication, and understanding fees. Learn about the differences between mutual funds and ETFs, and why having a knowledgeable advisor is essential for effective financial planning. Plus, find out how to tackle retirement readiness and prepare for your financial future.
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Risk-Reward Balance Reality
- Expecting all upside and less downside from a portfolio is unrealistic and misunderstands risk-reward balance.
- Conservative portfolios prioritizing less loss won't match market highs proportionally.
Understand Mutual Fund Fees
- Focus on fees embedded in specific mutual fund products rather than blaming mutual funds generally.
- Choose low-cost options and understand advisor compensation structures like trailer fees.
ETF vs Mutual Fund Reality
- Mutual funds and ETFs have unique characteristics; ETF does not inherently mean lower cost or better.
- Investment approach, not just fund structure, determines fees and performance.