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Banking can be this uncomfortable. Prepare to be screwed again and again. This time it is a new fee for transferring your Mutual Fund. Not 10 bucks, not 20, but 75 Canadian dollars. Prepare for insertion on March 31. —FUFI
This article appears in Jan 22-28, 2015.
8 Comments
It’s no accident of philology that banker rhymes with wanker.
transferring it where?
Isn’t it only by virtue of the banks that you are able to participate in mutual funds in the first place?
I have my mutual funds through non-bank, mm
That’s because “You deserve more.”
damn right – I like my double digit returns
That was supposed to have been a little joke. In Montreal there’s a money-managing firm called Rothenberg & Rothenberg whose motto is: “Because you deserve more.” I always reply under my breath, “How the hell do you know I deserve more, you bloody wanker?” If Rothenberg & Rothenberg thinks anyone deserves more, it’s Rothenberg & Rothenberg.
Anyway, you’re right. The money managers – “Let Me Manage Your Money” said with a suitable lisp – are in mutual funds up to their eyeballs. I hope you’re keeping a close eye on yours. I would install a webcam on the exit. If you see anyone leaving with a suitcase with money falling out of it, call your chartered investment banker immediately.
Banks can be TDous, a Royal pain, a real BOMmer, CannIBalistiC and a word that employs Scotiabank that I can’t think of.