GreaterthanX

Finance Yourself not the bank

  • Put this money in your pocket or the banks, it's up to you
  • Bank fees are on average 10x higher than investing in simlar funds yourself
  • 50k invested over 30 years, the fees differential would cost you $155,484 in growth
  • Put this money in your pocket or the banks, it's up to you

Don't let other people or the media make you believe investing is too complicated to manage on your own. Investing in the stock market can be as easy as opening an investing account and buying an index fund. Unless you want to, you don't need to concern yourself with picking individual stocks, timing the market, or watching your investments daily

Unfortunately many Canadians go to their bank trusting that they will act in their best interest. But the fees your investments pay on bank invested mutual funds are on average 10x higher than investing in similar funds yourself.

Don't give your money to someone else. With a small amount of time to setup your accounts, you'll be paying yourself dividends.

Let's show you some examples...

Who do you bank with?

If x = status quo, what is > x?