6:13 why dont you consider hisa tfsa account by eq or td (interest paid is good) and backed by cdic..🤔
@invest4k
Жыл бұрын
Its a great question and thats what everyone would think, including me, till I discovered this. Let me give you a 2 part answer - 1. This is most useful for the parked cash in your brokerage account where if you want to move out money or move in money, it takes a few days and some may lose their chance of getting back in market early on. 2. If you will compare, HISA accounts in banks are typically short term and mostly less than their GIC rates, here the fund negotiates a better price on interest rates as well as goes almost upto GIC rates, also, in this ETF, you can take out money anytime with assurance that you will receive interest of each day you own the ETF (like a bank account). P.S. These ETFs are not meant for long term holding as I mentioned in video, its for temporary storage of cash when you are not comfortable in investing in market, ultimately you have to get back to the basics and sell these. Hope it helps :)
@ARAVINDINFOTAINMENT
Жыл бұрын
3:29 do we need to pay both management fee and mer (0.10 + 0.11) which will sum up to 0.21 in total ?
@invest4k
Жыл бұрын
Together, the operating fees and management fees make up the MER, so if you are buying any ETF, you should only worry about MER.
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