Retire Me - Episode 18 - 6 Ways to Collaborate with your Employer to Maximize COVID-19 Benefits & Choosing an Outperforming Mutual Fund
Hello! Welcome to Episode 18 of Retire Me!
Today we discuss a recent article from Tim Cestnick posted in the Globe and Mail. Tim outlines several steps you can take in cooperation with your employer to get the most from your COVID-19 benefits.
I recap the programs that the government has outlined for seniors, including the just-announced benefit for OAS and GIS recipients.
From there, I go into the second segment of our series: Key Questions for the Long Term Investor. Today's question is "What are my chance of picking a mutual fund that survives and outperforms?" We look at historical data for Canada and US based mutual funds. Because markets are so efficient, choosing winners is very hard after accounting for all of the competition in markets. Once you add fees, it gets even harder over long time periods.
Links and charts are below (Charts from Dimensional Fund Advisors Canada):
Canadian Mutual Fund Survival
Canadian Mutual Fund Outperformance:
Links:
https://us.spindices.com/documents/spiva/spiva-canada-scorecard-mid-year-2019.pdf
Thanks for listening!
Mark
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Disclaimer - This podcast is for informational purposes only. Please consult with a financial advisor familiar with your unique financial situation before making any decisions. Nothing in this broadcast constitutes a solicitation for the sale or purchase of any securities. Any mentioned rates of return are historical or hypothetical in nature and are not a guarantee of future returns. Mark Walhout is the owner and lead financial advisor at Walhout Financial and an Investment Fund Representative at Investia Financial Services Inc.