Friday, December 3, 2010

Short Takes: A Cheap but Still Expensive Mutual Fund, Emotional Benefits from Investing, and more

Rob Carrick profiles a mutual fund company that pinches pennies to the point where they take pens and paper from hotel conference rooms. Being careful with investor money should be applauded, but their MER is still about 2.2% on assets of $1.5 billion. This means that expenses are about $33 million per year. Maybe I’m not very imaginative, but I don’t know how they could spend this much money if they won’t even buy pens.

Canadian Capitalist asks three good questions of author Meir Statman.

Big Cajun Man gives his take on gifts you should never give your kids. I thought the best one was avoiding giving them something you always wanted. Times change. Your dreams aren’t your kids’ dreams.

Financial Highway gives step-by-step procedures for disputing problems with your credit report.

Money Smarts explains the requirements to qualify for four financial advisor designations.

3 comments:

  1. Thanks for the mention! Have a spectacular weekend.

    ReplyDelete
  2. Thanks for the links Michael, have a great weekend!

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  3. Investors interested in EdgePoint should look into Cymbria Corp. traded on the TSX. Expenses around 1.75%, 1% of which goes to your broker as a trailer fee.

    Thanks for the mention!

    ReplyDelete