Comments on: The Dividend Mutual Fund: more than meets the eye http://www.thickenmywallet.com/blog/wp/2008/09/18/the-dividend-mutual-fund/ Everything to do with thickening your wallet by entrepreneur turned President of an Investment Company Wed, 10 Mar 2010 15:31:00 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Who are really the smartest guys in the room? How Insurance Companies Forgot Their Way http://www.thickenmywallet.com/blog/wp/2008/09/18/the-dividend-mutual-fund/comment-page-1/#comment-17484 Who are really the smartest guys in the room? How Insurance Companies Forgot Their Way Wed, 17 Dec 2008 08:38:22 +0000 http://www.thickenmywallet.com/blog/wp/?p=415#comment-17484 [...] I want to thank Canadian Capitalist with giving me the opportunity to guest post on his well-deserved vacation. If you are a regular reader of this blog, you know that Canadian Capitalist is rightfully a passionate supporter of the KISS (keep it simple stupid) principal of personal finance (my words, not his) and that fees destroy returns over the long term. [...] [...] I want to thank Canadian Capitalist with giving me the opportunity to guest post on his well-deserved vacation. If you are a regular reader of this blog, you know that Canadian Capitalist is rightfully a passionate supporter of the KISS (keep it simple stupid) principal of personal finance (my words, not his) and that fees destroy returns over the long term. [...]

]]> By: The Weekend Round-Up http://www.thickenmywallet.com/blog/wp/2008/09/18/the-dividend-mutual-fund/comment-page-1/#comment-17015 The Weekend Round-Up Sat, 20 Sep 2008 22:25:55 +0000 http://www.thickenmywallet.com/blog/wp/?p=415#comment-17015 [...] Thicken My Wallet discusses why dividend mutual funds may not be all they promise. [...] [...] Thicken My Wallet discusses why dividend mutual funds may not be all they promise. [...]

]]> By: Dividend Growth Investor http://www.thickenmywallet.com/blog/wp/2008/09/18/the-dividend-mutual-fund/comment-page-1/#comment-17014 Dividend Growth Investor Sat, 20 Sep 2008 16:35:49 +0000 http://www.thickenmywallet.com/blog/wp/?p=415#comment-17014 I tend to create my own dividend portfolio as well. There are always stocks in those dividend funds that I wouldn't touch with a ten foot poll. Sometimes the portfolio weights are created while focusing on high current yield as opposed to a more balance yield/dividend growth approach. I don't know about canada, but in the US it's pretty easy to have a portfolio with no fees whatsoever which will surely save you 0.5% + every year. I tend to create my own dividend portfolio as well. There are always stocks in those dividend funds that I wouldn’t touch with a ten foot poll. Sometimes the portfolio weights are created while focusing on high current yield as opposed to a more balance yield/dividend growth approach.

I don’t know about canada, but in the US it’s pretty easy to have a portfolio with no fees whatsoever which will surely save you 0.5% + every year.

]]> By: Weekly Dividend Investing Roundup - September 20, 2008 » The Dividend Guy Blog http://www.thickenmywallet.com/blog/wp/2008/09/18/the-dividend-mutual-fund/comment-page-1/#comment-17013 Weekly Dividend Investing Roundup - September 20, 2008 » The Dividend Guy Blog Sat, 20 Sep 2008 11:02:13 +0000 http://www.thickenmywallet.com/blog/wp/?p=415#comment-17013 [...] The dividend mutual fund [...] [...] The dividend mutual fund [...]

]]> By: The Rat http://www.thickenmywallet.com/blog/wp/2008/09/18/the-dividend-mutual-fund/comment-page-1/#comment-16985 The Rat Thu, 18 Sep 2008 18:37:18 +0000 http://www.thickenmywallet.com/blog/wp/?p=415#comment-16985 Yeah, I'm with MDJ - I tend to create my own diversified ensemble of dividend paying bad boys to get solid payout on a fairly frequent basis. I also feel that MERs of 1.92-2.69% are way too high and cut into your own returnn - which is something that I think should be seriously considered. Cheers Yeah, I’m with MDJ – I tend to create my own diversified ensemble of dividend paying bad boys to get solid payout on a fairly frequent basis. I also feel that MERs of 1.92-2.69% are way too high and cut into your own returnn – which is something that I think should be seriously considered.
Cheers

]]> By: admin http://www.thickenmywallet.com/blog/wp/2008/09/18/the-dividend-mutual-fund/comment-page-1/#comment-16983 admin Thu, 18 Sep 2008 16:09:57 +0000 http://www.thickenmywallet.com/blog/wp/?p=415#comment-16983 DC- the downside of most ETF's is you have to buy in bulk. However, TD does have a series low costs mutual funds which do almost the same thing as ETF's. MDJ has a post on it: http://www.milliondollarjourney.com/how-to-open-a-td-e-series-e-funds-resp-account-not-complete.htm Good luck. DC- the downside of most ETF’s is you have to buy in bulk. However, TD does have a series low costs mutual funds which do almost the same thing as ETF’s. MDJ has a post on it:

http://www.milliondollarjourney.com/how-to-open-a-td-e-series-e-funds-resp-account-not-complete.htm

Good luck.

]]> By: Million Dollar Journey http://www.thickenmywallet.com/blog/wp/2008/09/18/the-dividend-mutual-fund/comment-page-1/#comment-16982 Million Dollar Journey Thu, 18 Sep 2008 15:32:14 +0000 http://www.thickenmywallet.com/blog/wp/?p=415#comment-16982 Thanks for the mention TMW. I agree with you, some dividend funds aren't worth it due to it's MER. I'm a fan of creating your own dividend like fund by purchasing the stock directly. Thanks for the mention TMW. I agree with you, some dividend funds aren’t worth it due to it’s MER. I’m a fan of creating your own dividend like fund by purchasing the stock directly.

]]> By: dc http://www.thickenmywallet.com/blog/wp/2008/09/18/the-dividend-mutual-fund/comment-page-1/#comment-16981 dc Thu, 18 Sep 2008 13:24:14 +0000 http://www.thickenmywallet.com/blog/wp/?p=415#comment-16981 Interesting post- one that brings up a question that has been lingering in the back of my mind for awhile. The RESP I have setup for my kids is currently invested in a dividend mutual fund. The idea behind it is the same as you outlined in the introduction in your post - a way to invest in dividend paying stocks. I put money in every two weeks, and the value today is roughly $16K. Am I now better off to move the money into a self-directed RESP? My concern is that if I were to switch to EFT/direct stocks - the trading costs to invest my regular contributions seem excessive. At least with regular purchases in the mutual fund, I am investing regularly without costs and being able to average. Generally, I don't consider redundancy with my other investments as this is really for my children. Any thoughts? Interesting post- one that brings up a question that has been lingering in the back of my mind for awhile.

The RESP I have setup for my kids is currently invested in a dividend mutual fund. The idea behind it is the same as you outlined in the introduction in your post – a way to invest in dividend paying stocks.
I put money in every two weeks, and the value today is roughly $16K. Am I now better off to move the money into a self-directed RESP? My concern is that if I were to switch to EFT/direct stocks – the trading costs to invest my regular contributions seem excessive. At least with regular purchases in the mutual fund, I am investing regularly without costs and being able to average.

Generally, I don’t consider redundancy with my other investments as this is really for my children. Any thoughts?

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