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They also recently introduced the Tangerine Global ETF Portfolios. I did portfolio reviews as part of my duties. When I was an advisor with Tangerine Investments, I often saw Canadians with very little returns for their outside (non Tangerine) investments. How much are you giving away?ДonвЂ™t give away half of your investments. One could certainly end up with twice or three times the wealth (portfolio value) over an investment lifetime.Д¬heck in with that fee calculator on the site of Larry Bates, the author of Beat The Bank. That Morningstar chart shows the incredible discrepancy in wealth creation, even over a 10-year period. IвЂ™ve told Craig we would be moving him to that red line.

Their Questwealth Portfolios offer the lowest fee option for Canadian Robo Advisors.

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You would have to apply the low MERs of the ETFs.Д¬anadians can buy ETFs for free at Questrade.

The index represents a passive and blended benchmark вЂ“ something you might attain with a conservative ETF portfolio. Morningstar siteД¬raigвЂ™s fund is in Blue, the category average in Yellow. Morningstar is a wonderful resource in many respects, and especially for performance comparisons. WeвЂ™ll let Morningstar do the returns comparison on this one. That works out to an average return of 4.9% a year. That fund is managed by AGF.ДЇrom Primerica (doc sent to Craig) вЂ¦ A person who invested $1,000 in the fund 10 years ago would now have $1,608. About two-thirds of CraigвЂ™s assets are in a Primerica Common Sense fund вЂ“ Asset Builder IV. The вЂњcommon senseвЂќ fundД¬raigвЂ™s advisor is with Primerica. The amount of additional wealth creation one would gain by way of a additional returns of 10.54% vs 16.17% is life changing.ДЄgain, this is the reality and the opportunity cost for the typical Canadian investor. It was not worth the level of total underperformance in my opinion. It was mildly successful in that regard during the COVID correction. The mutual fund uses sector selection in the attempt to deliver less volatility. Oh my, how do you underperform a passive benchmark by almost 5% annual? Well the MER (management fees) of 2.53% will pitch in big time, but it goes beyond fees into portfolio management as well. The period is to end of June 2021 to match the available reporting of the AGF fund. XUU has returned 16.17% over the last 5 years. stock market, including some small cap and mid cap stocks. The peer group is greatly underperforming a simple low cost ETF such as iShares XUU that buys the U.S. That is they are underperforming against a very poor group of funds. The peer group would represent the average of Canadian mutual funds in the category. That fund has underperformed its peer group by 2.8% annual. The poor returns south of the borderД¬raig is also invested in the AGFiQ U.S. That is some incredible underperformance. Add about another 1% annual for the currency boost. dollar ETF (a Canadian dollar version is not available for the time period) and not accounting for the near 20% appreciation of the U.S. And for the record I did overweight the U.S. When I run a Balanced Growth ETF Portfolio model on portfolio visualizer I get returns of 10.5% annual. Most Canadians have poor performing funds to this magnitude. Those (poor) returns are in line with the peer group of Canadian global balanced mutual funds. Over the last 10 years the global fund has delivered an average annual return of 7.7%. That is MERder for your portfolio we might add рџ™‚ You can check out that link for the fundвЂ™s approach, holdings and returns. In that post we highlighted the underperformance of CraigвЂ™s AGF Global Balanced Growth Fund.

HereвЂ™s the post from last Sunday, moving out of mutual funds. For Craig, weвЂ™ll have a look at the poor performance of his AGF Mutual Funds. The reason for leaving is the poor performance that often comes attached to poor advice or no advice.

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We will chronicle the experience so that more readers can discover how to break free. They want to move to lower-fee ETF solutions. These same readers admit that they donвЂ™t really know how to leave behind these funds that get in the way of true wealth creation. Real readers share their (horror) stories of investing in poor-performing high-fee mutual funds.

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Last week we introduced a new series on Cut The Crap Investing.

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