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Earlier discussion

Tired of high mutual fund fees? Add to ...

If you're looking for a smart way to invest your savings, consider passive investing as part of your financial plan.

Advocates of this method say you're wasting your money paying a fund manager whopping fees to pick stocks for you -- because once you're done paying for his or her brainpower, you're no longer ahead of the market.

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Instead, focus on broad asset classes and buy an index fund or ETF that represents those classes.

Ian Black, a principal at the fee-only financial advisory firm Macdonald, Shymko & Company Ltd. in Vancouver, took your questions on passive investing and how effective it is. He is a registered financial planner and has been advising clients for over 15 years.

Here's the Financial Facelift case that he took on:

Mortgage-free, and retirement-bound Vancouver couple wonder how to employ extra cash: sock it away or buy rental property?

Click in the window below to replay the discussion. BlackBerry and iPhone users can view a mobile-friendly version by clicking here.





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