Vanguard Canada just launched its newest and easiest low cost index funds and they are spectacular. They are designed to be easy to buy and hold with the absolute minimum of required attention.
From Rob Carrick at the Globe and Mail:
” The Vanguard Conservative ETF Portfolio (VCNS) has a 40/60 mix of stocks and bonds, respectively, the Vanguard Balanced ETF Portfolio (VBAL) has a 60/40 mix and the Vanguard Growth ETF Portfolio (VGRO) is 80/20. Each has a management expense ratio that should come in around 0.24 per cent, less than one-quarter the cost of the average comparable balanced mutual fund.”Each packs a globally diversified portfolio covering stocks and bonds into a single fund – a “one-ticket” solution, as they say in the investing biz.The portfolios are rebalanced frequently to keep the target mix intact”
Now what’s your excuse for not running down to you bank, asking to set up a self directed trading account and buying one of these 3 beauties? Repeat every year with 10% of your income until you’re 65 and you’re set.
I’m a department head for a high school in Toronto. I graduated from the Ivey School of Business at Western University and have been a DIY investor for over 20 years.