What to do with my RRSP

[yucksta]

I am not a savvy investor at all. I just like being lazy and sticking my money somewhere and not thinking about it....and it's with that philosophy i approach my RRSP investment...

Right now I have my RRSP tied up in one investment: TD Managed Index Balanced Growth, and I am paying a high MER for it (1.57% - been too lazy to even switch it to an Efund) ..

Book Value of 40K, Market value of 30K....I put in $100 a week.

I'm wondering is it time to switch to something else? Or just continuing not caring and keep putting $ in?

Brain storming for ideas.

[ray420]

I am not a savvy investor at all. I just like being lazy and sticking my money somewhere and not thinking about it....and it's with that philosophy i approach my RRSP investment...

Right now I have my RRSP tied up in one investment: TD Managed Index Balanced Growth, and I am paying a high MER for it (1.57% - been too lazy to even switch it to an Efund) ..

Book Value of 40K, Market value of 30K....I put in $100 a week.

I'm wondering is it time to switch to something else? Or just continuing not caring and keep putting $ in?

Brain storming for ideas.

well how about u switch to the e-series and save yourself couple hundred dollars per year.
Other than that balanced funds are a decent place to be depending on your situation. you could also look at some etf's, but you said you too lazy to make some adjustments so balanced funds are a good place probably for you

[yucksta]

well how about u switch to the e-series and save yourself couple hundred dollars per year.
Other than that balanced funds are a decent place to be depending on your situation. you could also look at some etf's, but you said you too lazy to make some adjustments so balanced funds are a good place probably for you

It's not that I am lazy. I just hate the anxiety of making decisions. So I guess your advice would be to just turn it into an efund and continue on my merry way.

Okay, thanks.

[rilhouse]

It's not that I am lazy. I just hate the anxiety of making decisions. So I guess your advice would be to just turn it into an efund and continue on my merry way.

Okay, thanks.

buy a couple of e-funds for example:

40% bond index
20% CDN index
20% US index
20% international index

setup a automatic purchase plan and re-balance to target allocation once per year. couldn't get easier. currently, you are essentially paying TD to take care of the re-balancing by purchasing a "fund of funds". waste of $ IMO.

[yucksta]

buy a couple of e-funds for example:

40% bond index
20% CDN index
20% US index
20% international index

setup a automatic purchase plan and re-balance to target allocation once per year. couldn't get easier. currently, you are essentially paying TD to take care of the re-balancing by purchasing a "fund of funds". waste of $ IMO.

Interesting but I don't understand how an asset allocation gets imbalanced such that it requires re-balancing. How's that work?

[Ray Oliver]

Interesting but I don't understand how an asset allocation gets imbalanced such that it requires re-balancing. How's that work?

Because each asset in your portfolio won't grow at the same rate.

After a year, your 40/20/20/20 split could be 38/21/18/23

[ray420]

Because each asset in your portfolio won't grow at the same rate.

After a year, your 40/20/20/20 split could be 38/21/18/23

+1 one asset class will grow faster than the other

[yucksta]

Because each asset in your portfolio won't grow at the same rate.

After a year, your 40/20/20/20 split could be 38/21/18/23

Ahhh, that should have been obvious. Way too early in the morning... so this is just done to maintain diversification as per your risk tolerance...?

okay.