I am currently invested in mutual funds with RBC in Canada. I am 27 years old, my portfolio is "balanced" level risk and worth $110,000. I contribute $1400 per month. My MER at the bank is 2.4%, whereas the company I want to switch to (Wealthsimple) will charge me 0.4% MER and will pay the small transfer fee.
I am investing for retirement and I am not interested in actively managing my investments. I am thinking I could save a lot in fees over the next 30 years if I make the switch, but I have never switched before and I want to make sure I am not missing anything.
What do you think?
Submitted April 29, 2018 at 11:39AM by sethrena https://ift.tt/2Kokz5Q
