The Toronto Star thinks that "low-fee investment products are bad for you"
https://www.thestar.com/life/opinion/20 ... r-you.html
Warren Buffet would be the first person to tell you he can't time the market, and yet this reporter thinks she can do it.But, here’s the issue. The markets in North America have had a very good ride upwards since the beginning of 2016, when they’d taken quite a tumble. This has informed investors wondering if there is much more room for major market growth. And, for ETF investors, is there much growth opportunity left in North American markets. Could it be that ETF investors are actually buying at a high rather than following Warren Buffett’s most important rule — to buy at a low and then sell at a high? Time, and market data, will tell, but by all accounts, it does look this way.
Is there anyone out there who is willing to make a bet with me that they can pick a mutual fund manager who will make a 12% ROR over the next 10 years? Any takers?Even if the funds or your adviser’s fees total 2.5 per cent, if the ROR is 12 per cent, net of fees, you’re making 9.5 per cent. So long as the net ROR is above the market ROR, you should be happy to pay those fees.