A polite reminder on fees

3 key things ultimately contribute to our true financial success: reasonable expectations, a close eye on fees, and great financial coaching 

Ian Tam 16 December, 2019 | 1:36AM

Jar of change tipped over

Dear Canada,

We’ve had quite a ride over the past decade, capped off with some particularly lucrative domestic equity market returns in 2019. At the time of this writing, the S&P/TSX Composite index has posted a 21.8% total return year to date. These spectacular short-term returns may convince investors to overlook the fees they pay to be invested with a skilled manager. After all, what is a measly 2% fee to managers that have returned well over double digits this year? If this is you, I’d like to point out a few things that you might have missed.

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Ian Tam  Contributor

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