Why is a 2.5% MER high?

In the grand scheme of things, there’s a much bigger difference between 2.5% and 100% than there is between 2.5% and 1% or 2.5% and 0.5%. What’s the big fuss over 1%, or fractions of a percentage on an MER?

What is an MER ?

MER is the acronym for Management Expense Ratio, and is an annual fee expressed as a percentage of the total of Your investment in a fund. So, a fund with an MER of 2.5% will charge you $25 for every $1000 you have invested in it every year. A fund with an MER of 1% will charge you $10 for every $1000 you have invested each year. And, a fund with an MER of 0.25% will charge you $2.50 for every $1000 you have invested per year.

The MER is the fee that investors pay, for the management of a mutual fund or exchange-traded fund (ETF) and any of the expenses associated with running it.  This includes the cost of legal, record-keeping and accounting fees, office space, marketing, taxes, and marketing.

Continue reading Why is a 2.5% MER high?

Student Discounts That Can Save You Thousands

Going to university is typically quite expensive. Today’s costs are high enough that many post-secondary students are unable to complete their schooling without incurring some student debt. Fortunately, there are many student discounts that do not require more than a student card, student number, or a timetable.

Continue reading Student Discounts That Can Save You Thousands

Re-Evaluating University Degrees

Re-Evaluating University Degrees

An acceptance letter to a university undergraduate degree program is generally seen as the most successful conclusion to high school. I’m not trying to say that getting accepted to university is insignificant or that it isn’t a sign of success. What I’m suggesting is that it isn’t necessarily a given that every undergraduate degree is a smart investment in one’s future.

With any investment, we’re open that over time, we will see an increase in value. For a university degree to be a successful investment, graduates want to see a boost in earning potential greater than the cost of the degree, lost wages (income you could have earned instead of being in school), and value for the time spent in class and studying.

Graduates want to see a boost in earning potential greater than the cost of the degree, lost wages and value for the time spent in class and studying.

 

How much does it cost to go to University

According to an April 2018 article by Maclean’s, the average Canadian student spends $9,300 per year if they are living at home.  Students who move away for their undergraduate degree tend to spend more than double, spending closer to $20,000 per year.

Continue reading Re-Evaluating University Degrees