Personal Finance

Convert TD Monthly Income Fund

  • Last Updated:
  • Mar 31st, 2012 7:01 pm
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Newbie
Apr 17, 2011
39 posts
winnipeg

Convert TD Monthly Income Fund

Hello, I have have TD Monthly Income Fund in my RRSP. I think (may be I am wrong) that I should not investing into this but rather should make couchpotato portfolio from this fund at this stage. This will lower MER as well. What do you advise? Right now, it has $6,019.55(market value) and $5,928.98 (Book value).

Kindly advise.
2 replies
Deal Addict
Jul 8, 2009
2028 posts
482 upvotes
Edmonton
If TD isn't giving you any advice or value, then you may be better off with DYI investments. However, if they're bringing value then advice can be worth the higher costs. Knowing how banks work, I'm guessing the former but you have to decide that.
Deal Expert
User avatar
Nov 2, 2003
17118 posts
3872 upvotes
GTA
you sort of have enough to build your own portfolio of funds i guess.
the TD efunds have a minimum initial purchase of $1000 I think under non registered accounts so you should be able to have four funds to balance things out... bond, canadian, us, intl.
it's up to you really but you're right about lower MER = win.

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