Hello guys,
I need some financial advice. I have a self-directed RRSP with Canadian equity and bond index funds (TD e-series). The investment amount is about 7000$ in ratio of 60-40. Now, I have been offered group RRSP plan through Scotia Mcleod by my employer. The advisor has offered funds from Sentry, AGF, BMO but as I have some basic knowledge about investment, I know that these portfolios come with high MER. The amount is small (with small investments every month) and hence, purchasing stocks and etf doesn't make sense. Sentry funds have shown some good performance in recent times. The advisor has recommended Sentry funds and BMO ETF wrapped mutual funds as an alternate option to ETF. What do you guys recommend? Should I just keep the money in cash?
Regards,
I need some financial advice. I have a self-directed RRSP with Canadian equity and bond index funds (TD e-series). The investment amount is about 7000$ in ratio of 60-40. Now, I have been offered group RRSP plan through Scotia Mcleod by my employer. The advisor has offered funds from Sentry, AGF, BMO but as I have some basic knowledge about investment, I know that these portfolios come with high MER. The amount is small (with small investments every month) and hence, purchasing stocks and etf doesn't make sense. Sentry funds have shown some good performance in recent times. The advisor has recommended Sentry funds and BMO ETF wrapped mutual funds as an alternate option to ETF. What do you guys recommend? Should I just keep the money in cash?
Regards,