We need more advisors like Kent in the industry. His honesty is the reason he can't afford a golden jet ski-doo.
@crazyjoelowe
Жыл бұрын
He can, however; afford a really nice sweater, which I was coveting during the whole video. Love the channel, and all you do for us Kent 😀
@K4Financial
Жыл бұрын
@@crazyjoelowe haha, that’s a $20 Winners special. It’s a bit less than a jet ski. You’re very welcome Joe
@edwardxin559
Жыл бұрын
Kent, thank you for the information. Very helpful! Question: On top of your 1% fee, what is the average MER for the investment funds that you manage?
@K4Financial
Жыл бұрын
So, the ETFs usually average about 0.20% and Modern charges 0.4%, so the total would be 1.6% until you hit the cap at $250,000
@kjbkmb6140
Жыл бұрын
Good description of this topic Kent . We moved our LIRA into a low fee ETF based on your suggestion, saving $6,000/year which really helped during the recent market changes. What your saying has been said before by the likes of Jack Bogle who knew all along what was going on in the financial investment industry. Thanks Kent
@K4Financial
Жыл бұрын
You’re welcome
@blackninjai
Жыл бұрын
Kent does a wicked job to simplify and breakdown the hidden mysteries of investing for hard-working Canadians. Entertaining and definitely informative! Thank you
@K4Financial
Жыл бұрын
We try our best, thanks P
@PejNamshirin
Жыл бұрын
Nicely done, Kent. I have a feeling I'll be sharing this video often.
@K4Financial
Жыл бұрын
That would be awesome!! Thanks Pej
@analogconversation
Жыл бұрын
Kent, Are any of these fees a tax deduction?
@K4Financial
Жыл бұрын
If you have non-registered accounts they are
@maurozky1
Жыл бұрын
I know you mentioned it, but it's worth stressing the point. If you were to quantify the savings by including what they would have to pay for the planning advice that you guys provide in all areas - and that they are not currently getting from the green monster for that 2.1% - it would be way more than $9,000/year. And the $500 plan is really a no-brainer. The value, potential savings and piece of mind you provide is worth way more than that and I hope people can see it and take you up on it.
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