Do I have to Pay Mutual Fund Fees?

Mutual Funds Fees

October 4, 2016

Q: Will I have to pay fees if I invest in a mutual fund?

A: Expect to pay fees for your investments whether they are distributed through advisors, banks, credit unions or brokers. The fees associated with mutual funds may not be visible because they are often charged indirectly and are taken out of the invested funds periodically.

However, every fund is required to disclose its Management Expense Ratio (MER) as an annual percentage of the total value of your investment.

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Living pay cheque to pay cheque…

How to save?

September 20, 2016

Q: We are living pay cheque to pay cheque and always seem to be short on cash. How can we possibly save any money and get ahead?

A: This is a common problem and there is a solution. Pay yourself First.

Don’t wait to save leftover money because there won’t be any. Determine a set amount and ask your financial institution to set up an automatic contribution to a savings account such as a TFSA (Tax Free Savings Account) on your payday.

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