A while ago I was contemplating whether I should switch most of my mutual funds to ETF because of the obvious advantage of a lower MER. With my portfolio size in mind, the initial investment of brokerage will be recouped in one year and from then on it will be pure profit. Initially, I was surprised to see that both of my Altamira index funds actually beat their respective iShares ETFs. However, I realized my mistakes tonight. One of the Altamira funds is actually indexing the TSX60, not the TSX Composite; for the other, I forgot to add in the ETF's dividend. Time to start converting!
Also ING has started a new promotion: 4.25% for new every dollar above your account balance as of May 31. That means I'll need to move my money back to ING from PC :P.
Money management is so much fun :).
Words never uttered by mortals flowed incessantly from its many mouths.
About Me
- p51dray
- I am a FSA with a BSc in actuarial science from SFU and a former PoMo IB slave who is working towards his FCAS; hence I must be a masochistic exam lover.
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