Because of the new investment-fee
disclosure rules in Canada
As a result, a couple weeks back, looking at one
of our investment accounts 2016 annual statement, I was quite shocked. We are
paying outrageous fees!
OK, I’m just being a tad ironic.
Despite the fact we made 6
transactions in that account last year (which is a lot because our average over
the years is under 2) and that we paid the highest cost per transaction
compared to our other DIY accounts, our annual fees still represented just 0.19% of our account value.
As we already discussed a while
back, fees are probably one of the main reasons our DIY Portfolio is doing much better than popular funds.
Here’s the same chart we presented First in July 2015 and Again in November 2015. You can see that even though the gap has narrowed a
little, we still remain well ahead.
Photo Credit
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