tag:blogger.com,1999:blog-31427364.post767189184264476995..comments2024-01-05T04:31:53.418-08:00Comments on Housing Analysis: Gong Show # 3 - High MERs on Mutual Fundsmohicanhttp://www.blogger.com/profile/06094213357140749289noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-31427364.post-9578014590375524092007-03-01T08:33:00.000-08:002007-03-01T08:33:00.000-08:00As an experienced U.S. mutual fund investor, I was...As an experienced U.S. mutual fund investor, I was shocked to discover the high MERs on Canadian mutual funds. You may be interested in reading <A HREF="http://randsco.com/index.php/2007/02/28/excessive_canadian_mers" REL="nofollow" TITLE=" www.randsco.com "><B>my perspective</B></A> (which compares bottom line for a Canadian investor -vs- a U.S. investor). <BR/><BR/>Cheers,<BR/>stkstkhttps://www.blogger.com/profile/01245575073280807741noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-13567206976615856712007-01-26T06:55:00.000-08:002007-01-26T06:55:00.000-08:00I wanted to see the obvious for myself, namely tha...I wanted to see the obvious for myself, namely that a high PE predicts future price drops.<br /><br />The problem is a lack of readily available data. Sauder tracks rents, but only from a relative perspective (rate of change). So I did the next best thing, calculated the ratio of rent increases to price increases over the previous four years and compared to price change over the NEXT four years. Found a negative correlation of 0.56. If the relationship holds into future, RE is very likely to underperform over the next four years. The visual representation is very telling.freakohttps://www.blogger.com/profile/06236681769619303395noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-59921196728930133632007-01-25T21:06:00.000-08:002007-01-25T21:06:00.000-08:00Good Link....Thanks.Good Link....Thanks.Uncertain Buyerhttps://www.blogger.com/profile/05314820003021029869noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-64407621338039592032007-01-25T21:05:00.000-08:002007-01-25T21:05:00.000-08:00This comment has been removed by the author.Uncertain Buyerhttps://www.blogger.com/profile/05314820003021029869noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-44629696912340192022007-01-25T20:34:00.000-08:002007-01-25T20:34:00.000-08:00freako: unfortunately I have dealt with too many p...freako: unfortunately I have dealt with too many people just like your dad who have lost untold sums of money because of fees and their subsequent drag on returns. <br /><br />BTW - I'd love to see what you've come up with on P/E ratios. That is what I am working on for tomorrows post. I have been trying to get some good data on rents and I am not have so much luck.mohicanhttps://www.blogger.com/profile/06094213357140749289noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-52604847732753991712007-01-25T20:32:00.000-08:002007-01-25T20:32:00.000-08:00Uncertain: Try this link to morningstar.ca.Uncertain: Try this <a href=http://www.morningstar.ca/globalhome/industry/fundlookup.asp?aspredirect=true&category=3&find=bmo> link </a> to morningstar.ca.mohicanhttps://www.blogger.com/profile/06094213357140749289noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-82136548259835086532007-01-25T19:52:00.000-08:002007-01-25T19:52:00.000-08:00How can I find out my Funds MER? I am with BMO.How can I find out my Funds MER? I am with BMO.Uncertain Buyerhttps://www.blogger.com/profile/05314820003021029869noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-51732765708252937762007-01-25T16:33:00.000-08:002007-01-25T16:33:00.000-08:00Great topic, this has long been one of my pet peev...Great topic, this has long been one of my pet peeves. As mentioned earlier, on index funds, the TD E-funds MER's are very low, almost down to U.S. levels.<br /><br />Many years ago, I discovered with horrow the fees my father (who was overall fairly astute in all things finance) was paying on his Investors group funds. First a 6 percent front end load, and then criminal MER's. To add insult to injury, the funds underperformed compared to other funds over a long period of time.<br /><br />He bought on a monthly fixed bases, and some goofball of a fund salesman had been collecting money for 10 YEARS, all from a single sale.<br /><br />BTW, I played around some with the Sauder data and found some rent-price relationships that were fairly telling, though no surprise. Will pass them onto you via e-mail after some tweaks.freakohttps://www.blogger.com/profile/06236681769619303395noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-29910652631617883282007-01-25T15:12:00.000-08:002007-01-25T15:12:00.000-08:00A real shining star in trying to reduce fees is Si...A real shining star in trying to reduce fees is Sionna investment managers run by Kim Shannon. She recently took over the Brandes Canadian Balanced Fund and immediately lowered the MER from 2.5% to a very respectable 1.9%. All of this from a management team with a great track record.<br /><br />RBC, TD, and CI Investments have all made noteworthy efforts over the past couple of years to lower fees and I am looking forward to more decreases in MERs in the future.mohicanhttps://www.blogger.com/profile/06094213357140749289noreply@blogger.com