第一年请理财公司管理RRSP就损失20%
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topone
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We should compare Apple with Apple. If the market dropped 30% while your portfolio dropped 20%, you are still the winner, and we would say that the advisor is not bad...but if the market only dropped 10% whereas yours dropped 20%, you should discuss with your advisor to find out the reason...
lostinblue
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每5年股市就会大跌，你不巧遇到这5年一遇的事件，是机遇。
银行的利息面前够抵消通货膨胀，如果你满足那样的效益，那就放银行吧。不是每个人都可以承受那种压力。
银行的利息面前够抵消通货膨胀，如果你满足那样的效益，那就放银行吧。不是每个人都可以承受那种压力。
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Well, I do agree if those well paid professionals couldn't handle up and downs, why we would pay them for managing our assets?
It also makes sense by mentioning compare Apple with Apple. However it's not easy to make any judgements by only having one year history. Certain strategies work better in downturn, while certain better in uptrend. I guess we need at least five years history of return (5-8 years make a cycle of economic, the longer history, the better judgement) to make any meaningful conclusion .
If we are looking for the long term, probably by buying index funds ( one post in this forum recommended xiu.to, which is Toronto index fund) would offer fairly decent return. If we would like to timing the market, then take time and do some research and study, be prepared to suffer some losses at the beginning, in the end we will enjoy the waving of the market in either way. Or maybe we just need to buy Buffect's BRK-A or BRK-B, this investment guru seems never let us disappointed before. Just LOVE him!
Refer to the history return of his investments. He does makes difference!
Shareholder Letters
It also makes sense by mentioning compare Apple with Apple. However it's not easy to make any judgements by only having one year history. Certain strategies work better in downturn, while certain better in uptrend. I guess we need at least five years history of return (5-8 years make a cycle of economic, the longer history, the better judgement) to make any meaningful conclusion .
If we are looking for the long term, probably by buying index funds ( one post in this forum recommended xiu.to, which is Toronto index fund) would offer fairly decent return. If we would like to timing the market, then take time and do some research and study, be prepared to suffer some losses at the beginning, in the end we will enjoy the waving of the market in either way. Or maybe we just need to buy Buffect's BRK-A or BRK-B, this investment guru seems never let us disappointed before. Just LOVE him!
Refer to the history return of his investments. He does makes difference!
Shareholder Letters
Market and Long Term
I think people here made very good points.
If you put RRSP money in the bank, from the number you never lose money. However, you lose purchase power. Look at the prices of many items, you would see the inflation effects.
If you buy stocks at peak, you would lose money as market come down. This is the investment risk.
A simple idea, buying index funds when the indexes are low. Go with the cycle and in a long term you would be happy.
I think people here made very good points.
If you put RRSP money in the bank, from the number you never lose money. However, you lose purchase power. Look at the prices of many items, you would see the inflation effects.
If you buy stocks at peak, you would lose money as market come down. This is the investment risk.
A simple idea, buying index funds when the indexes are low. Go with the cycle and in a long term you would be happy.
topone
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normally the Advisor can access to Morningstar or some other professional tools...you can have him compare the performance of the mutual funds you have with those of "index" & "category"...the comparision is not for the current year, should for the past 3 yrs, 5 yrs or 10-15 yrs...Although we all know the history didn't indicate the future porformance...however it is really an important factor we should consider when we are doing the comparision ...of course, your advisor should give you some advice on how to balance your portfolio in the different market...expose more to value funds, value company in the bear market...while expose more to growth funds when the market turns better...Try to discuss with your advisor...i believe he will do his best...I believe each advisor would like his clients to be the winner in the market...
There might be good advisors, but the one I have is ;-(. When market overall is very good, my portfolios almost don't move at all, some loose, some gain, overall almost no change. If market is volatile like nowadays, my portfolios will drop like a rock, loose much more than market average. Typically my adviser will see clients one or twice a year, around RRSP season. After that, she will "disappear", and I guess she is somewhere enjoying the commission she has made out of her clients. When she talks to you, she only mentioned the funds that is doing OK, totally ignore the ones underperformed, and make you feel like you are making a lots of money, even though your portfolios overall still loose a lot of money. And she also promises you that she will adjust your portfolios accordingly at right time, but never does so, even in the crazy market like now.
Over many years, the principle of my RRSP did not go up but go down a lot, not even considering inflation etc.
So, I remeber someone mentioned that no one but yourself cares your money. That is absolutely right. You don't want just hand over your hard-earned money to someone, put your future into their hands, and hope they will do the best for you. Be opinionated and try to find a good one if you do want to get an adviser. Don't always trust what they claim, and especially be careful when they strongly recommend a particular fund, it might because they will get a higher commission from that fund.
Over many years, the principle of my RRSP did not go up but go down a lot, not even considering inflation etc.
So, I remeber someone mentioned that no one but yourself cares your money. That is absolutely right. You don't want just hand over your hard-earned money to someone, put your future into their hands, and hope they will do the best for you. Be opinionated and try to find a good one if you do want to get an adviser. Don't always trust what they claim, and especially be careful when they strongly recommend a particular fund, it might because they will get a higher commission from that fund.
Friends,
Moumouren made a good point, no one but yourself cares your money the most.
I have been here for a while. If you like, I could provide my personal advices about investments free. Only problem is that I am in US and do not know the individual Canada stocks.
If there is a cost, please buy me a meal if I visit your city
If you have any questions, please feel free post here.
Don't worry. Unless you call me, I would never call you.
Moumouren made a good point, no one but yourself cares your money the most.
I have been here for a while. If you like, I could provide my personal advices about investments free. Only problem is that I am in US and do not know the individual Canada stocks.
If there is a cost, please buy me a meal if I visit your city
If you have any questions, please feel free post here.
Don't worry. Unless you call me, I would never call you.
