Over the next few weeks investors will be focused on how best to make their retirement savings grow. The solution for many will once again revolve around plowing their annual contribution into high-cost, underachieving mutual funds, which have been the go-to investment vehicle for Canadians for years.
It’s a tough cycle to break, but one that investors should consider in favour of many other more attractive opportunities if they want to make the most of their investments.
“There is just something off-putting about change and I think a lot of investors feel the same way,” said John DeGoey, associate portfolio manager at Burgeonvest Bick Securities Ltd. in Toronto. “We’re all creatures of habit, but mutual funds are mostly inferior mouse traps. There are better options out there.”
David Pett – Financial Post – February 8, 2013.
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