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Smart or Greedy
Views: 413 A colleague of mine had invested in index funds through her bank. One of the fund tracked S&P 500. The bank charges 1.25% MER while vanguard only charges 0.08% MER for a similar fund. I suggested that she switch from the bank from bank to a self-directed broker so that she buy the vanguard fund and save 1%. She said that she won’t make the switch to save 1% because she is not greedy! Apparently, I offended her with my advice so I changed the topic of conversation. Lets see if the switch would be greedy or smart. …
