NOTE: I’m scrambling to write this before I get on a plane and my laptop battery is near death, so pardon any typos for the time being – I’ll edit it tomorrow, and may even re-write it! It’s good to be my own editor…. :) Not all index funds are created equal. Some actually track their indices pretty well, and some do a poor job. Most people think that tracking an index would be a relatively simple thing but you know what they say, “in theory, theory and practice are the same but in practice they are not.” Some sources of index fund tracking errors: 1. Resampling (Or Optimization) If an index has 500 constituents, then it is...
Read MoreA reader emailed in the following question and I thought I would share my answer with everyone: Question My question is specific to my situation obviously, but could apply to anyone in their 30s who’s changed jobs a few times and now has multiple RRSPs. The first RRSP is a mutual fund group plan left over from my previous employer, that I still contribute to monthly, and that I borrowed 20,000 from to buy a house with 2 years ago. It’s managed by a private investing firm here in Ottawa. The second RRSP is a mutual fund group plan with my current employer that I also contribute to monthly (it also has a Deferred Profit Sharing Plan portion that also...
Read MoreThis is a quick four-minute video that I put together to explain the very basics of a mutual fund and how it works. Feel free to share it with anyone you think might like it. Note: you can click on the bottom right of the video to blow it up to a full-screen view. Enjoy! Feedback welcome in the comments section below. What Is A Mutual Fund? from Preet Banerjee on...
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