tag:blogger.com,1999:blog-5465015914589377788.post3971907632141159090..comments2024-02-17T11:07:06.232-05:00Comments on Michael James on Money: MER Drag on Returns in PicturesMichael Jameshttp://www.blogger.com/profile/10362529610470788243noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-5465015914589377788.post-86295207689754332832015-07-09T13:30:23.979-04:002015-07-09T13:30:23.979-04:00@T Reashore: I wish you the best of luck spreading...@T Reashore: I wish you the best of luck spreading the message. I'm trying to do the same.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-20776588903935144782015-07-09T13:24:51.862-04:002015-07-09T13:24:51.862-04:00I started out with Investors Group years ago. Appa...I started out with Investors Group years ago. Apparently I had signed a piece of paper acknowledging that the MER was [at the time] 3.2%. I didn't know what an MER was.<br /><br />A decade or two later, I read a blog article that declared, "Canadians will lose approx 50% of investment profits, over their lifetime, to MERs. <br /><br />What is this MER you might ask ?<br /><br />As you have precisely explained, it is not [with an MER of 3%] 3 dollars on every 100 you have made......it is the FIRST 3% of the 6% gross you made; <br /><br />6% minus a 3% MER equals 3% OR in effect, 50% of your profits right down the drain to the 'actively managed' RRSP manager !<br /><br />This is what I did not understand; I have since made it a point to bring this up with family, friends and acquaintances over the past few years, and with one(1) single exception, all were unaware of this little fact. They all believed a 2% 'Commission (MER) means paying 2 dollars for every 100 you make.<br /><br />Hogwash.<br /><br />Actively managed fund MERs are the greatest scam ever perpetrated on mankind, next to Realty industry commissions.<br />Ole Reahttps://www.blogger.com/profile/04369532853721823201noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-74863857324184923102014-11-30T11:39:36.229-05:002014-11-30T11:39:36.229-05:002 per cent cost vs. seventy-five per cent cost. Th...2 per cent cost vs. seventy-five per cent cost. This should be above the fold on every fee-for-service advisor's site. Thanks for this.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-91280011204946362982009-12-27T16:15:19.990-05:002009-12-27T16:15:19.990-05:00Anonymous: I'd like to see MER fees reported ...Anonymous: I'd like to see MER fees reported as fees charged per decade or even better, 25 years. The percentages would look bigger and would better reflect the real cost to long-term investors.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-50381149169876692232009-12-27T15:57:11.457-05:002009-12-27T15:57:11.457-05:00Great post Michael!
What is a 'small' 2% ...Great post Michael!<br /><br />What is a 'small' 2% fees after all? Every serious investor should be able to answer the following question: how much does it cost to manage my money and how will that affect my returns?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-4015396952860671292009-12-17T14:12:33.895-05:002009-12-17T14:12:33.895-05:00Gene: Maybe mutual funds could pay me to not talk...Gene: Maybe mutual funds could pay me to not talk to their customers :-)Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-1513704738717098472009-12-17T00:37:06.386-05:002009-12-17T00:37:06.386-05:00Michael, I just don't see a future for you in ...Michael, I just don't see a future for you in mutual fund marketing. That chart is scary.genehttps://www.blogger.com/profile/05608927986297939720noreply@blogger.com