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What do you guys think about this folio? MF

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  • May 20th, 2015 10:40 am
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May 19th, 2015 7:51 pm
Steven001 [OP]
Sr. Member
Feb 19, 2012
509 posts
103 upvotes
Montreal

May 19th, 2015 7:51 pm

What do you guys think about this folio? MF

Hi there


What do you guys think about this folio? It's for a retire 65 yo. risk tolerance : moderate. looking for income for retirement life (monthly, quarterly or yearly).

This folio is was recommended by wealth management.

**Folio** 600K asset
Cash Liquid = 20%

CCM-8025 / CLIC Ojective 2030 IA CL = 10%
MFC-4406 / Mackenzie Balanced = 2.40%
MFC-4437 / Symmetry Balance = 20%

Total ; 32.40%

CCM-8025 / IA Clarington Target Click = 10%
MFC-4406 / Mackenzie Balanced = 5.60%
MFC-4421 / Mackenzie US Mid CAP = 6%
MFC-4423 / Mackenzie Glbl Growth = 6%
MFC-4427 / Symetry Balance = 17.60%

Total ; 45.20%

MFC-4427 / Symetry Balance = 2.40%

Total ; 2.40%




Any thought?

Is it worth to go with Coach potato himself ?
7 replies
May 19th, 2015 8:27 pm
saturnfan
Member
Feb 16, 2013
467 posts
64 upvotes

May 19th, 2015 8:27 pm

all these funds have MER more than 2.5%. if you have time do some research on ETF. There are lots of ETF with Low MER (<0.5).
May 19th, 2015 9:46 pm
orakle22
Sr. Member
May 22, 2004
695 posts
397 upvotes
Montreal

May 19th, 2015 9:46 pm

Why not a couch potato with a higher bond allocation? You're giving away a lot of money in MER there.
May 19th, 2015 10:23 pm
saturnfan
Member
Feb 16, 2013
467 posts
64 upvotes

May 19th, 2015 10:23 pm

I dont know about mawer.. But BMO, ishares have low mer etf. If you are just looking for mutual funds then TD e series is good..
May 20th, 2015 8:13 am
FrugalTrader
Member
Dec 8, 2006
369 posts
24 upvotes

May 20th, 2015 8:13 am

Just to give you context, assuming that active funds can keep up with the index (which they have proven the opposite), a 1.7% reduction in MER will result in a portfolio that is 60% bigger in 30 years (http://www.milliondollarjourney.com/the ... s-mers.htm). An overall MER of 2.4% is way too high. Why not just go with the Tangerine mutual funds, or just go with your bank's index mutual funds (http://www.milliondollarjourney.com/eas ... anks.htm)?
Million Dollar Journey - Since hitting the $1M milestone, we have increased our focus on passive income. Come follow our journey to financial freedom and possibly early retirement.
May 20th, 2015 10:40 am
JohnA125
Newbie
May 19, 2015
13 posts
9 upvotes

May 20th, 2015 10:40 am

Mutual funds are a ripoff. And why buy so many? The purpose of a fund is to give you a small stake in a lot of companies. You even have more than one Balanced fund. As others have pointed out ETFs are just as effective and cost much, much less. Still, if you can manage it, you have enough of a portfolio to be purchasing stocks directly. If you don't feel you know enough about individual stocks I would suggest doing something like getting a membership at 5I research and buying the stocks in one of their model portfolios yourself. You can buy twenty or so companies for a cost of about $150 at most brokers, instead of paying yearly fees on everything you own.

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