Hi all, I'm currently invested in a handful of mutual funds in RRSPs with low'ish MER (1-1.5%) but would like to cut costs more and move everything to an ETF or index funds.
I'm a couch potato investor and basically like to deposit a chunk of change in our RRSPs each year across the funds and forget about it. So far returns have been reasonable (i think it was 14-16% last year) but as couch potato investor I feel like I could get greater returns with lower costs elsewhere then mutual funds. Plus I'm in funds that I picked ten years ago and its long past time to rework our portfolio.
I think I would prefer an equally weighted global investment vehicle rather then being concentrated solely on Canadian or USA only funds. I feel like the AI bubble is going to burst at some point in the USA in the next year or two and thinking this sort of fund might help offset that albeit potentially at the risk of reduced returns.
Any advice for me and recommendations on what an appropriate investment vehicle(s) would be? I do have an investment advisor at a big 5 bank but I'd prefer some recommendations and thoughts to get me started since the bank advisor tends to push their funds. And while I'm thinking of an equally weighted global fund I'm open to recommendations for some diversification as well.
I'm basically looking at some of the Vanguard and Blackrock ETFs but it feels like there are a lot of choices even in that limited context.