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In a 2015 global study by Morningstar, Canada's investment environment was rated the worst in the developed world when it came to Fees and Expenses. Don't worry, though, there's good news; our D- score is up from the F earned in 2014. The real question is the implication of our less-than-impressive grade.
High mutual fund fees could cause Canadians to delay their retirement by as much as 11 years or else leave them with 40 per cent less money for their retirement, says a report from the Canadian Centre...
There are a lot of people who make over $200,000 per year, have over $1,000,000 of investable assets and are often encouraged to invest more than $150,000, without knowing very much about investing. Just because you make a lot of money, or have a lot of money, doesn't mean it should be acceptable to have someone take it from you.