Currently my RRSP contributions have all been due to my banks recommendations as they were done before starting on these forums.
As of now I have mutual funds in:
TD Monthly income 40.58%
TD Balanced Growth 38.15%
TD Dividend Growth 21.27%
The monthly income and balanced growth I've had for a few years and are contributed to each paycheck. The dividend growth was recently added out of a lump sum bonus. If my math is correct I'm currently sitting at <0.5% return.
My only other RRSP holdings are two 5 yr Finincial GIC plus RSP's.
I have read that TD E-series funds are recommended on here, but I'm not sure if my mutual funds fall in this category. I have another bonus soon to be added to my RSP account and was possibly going to add it to my mutual funds and increase my regular contributions. When I signed up for my mutual funds I was told historically their returns are quite good over 10+ years but after 5 years I'm not seeing it.
For now I'd like to stay with TD to keep things simple for myself, but am I going the right way or wasting money in fees?
As of now I have mutual funds in:
TD Monthly income 40.58%
TD Balanced Growth 38.15%
TD Dividend Growth 21.27%
The monthly income and balanced growth I've had for a few years and are contributed to each paycheck. The dividend growth was recently added out of a lump sum bonus. If my math is correct I'm currently sitting at <0.5% return.
My only other RRSP holdings are two 5 yr Finincial GIC plus RSP's.
I have read that TD E-series funds are recommended on here, but I'm not sure if my mutual funds fall in this category. I have another bonus soon to be added to my RSP account and was possibly going to add it to my mutual funds and increase my regular contributions. When I signed up for my mutual funds I was told historically their returns are quite good over 10+ years but after 5 years I'm not seeing it.
For now I'd like to stay with TD to keep things simple for myself, but am I going the right way or wasting money in fees?