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Advice for my little brother

14K views 36 replies 16 participants last post by  OntFA 
Focus on the Strategy, not the Tactics

The discussion with your brother should focus on why, after 20 years of (presumably disappointing) experience with managed funds, you came to the conclusion that index funds are a better strategy. So brush up on those arguments. And give him web or printed references on the subject so he can check it out for himself - he needs to convince himself, not just do it because of your opinion.

The specific index funds he then chooses are tactical decisions, and secondary. You can tell him you like the TD e-funds for their low MER and they cover the necessary sectors adequately. But there are other choices, such as ING Streetwise funds, and most to the bansk have index fudns now. As someone else mentioned, if he doesn't have much money to invest initially he may be better of to start with a simple balanced fund.

Because of your different ages his asset allocation is likely to be different than yours as well.
 
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