Q: I have RBC managing a portion of my portfolio (RRSP). I have not been impressed with their service. They had the majority of my money in long term bonds earning a pittance plus they were bought at a premium. My overall return has been a abysmal but they still collect their management fee of 1.5%. ( I started with $450,000 6 yrs ago and now have $400,000) I recently got annoyed with this lack of performance and instructed them to sell the various bonds. Now I need to place the cash. Any suggestions?
RBC is suggesting a series of GIC's and some bond funds such as : Ipco monthly income,I shares advantaged short duration high income ETF,Lysander corporate value bond class templeton global bond fund.
I am 72 and must take money out of my RRSP whether I need it or not...
Can't thank you enough for this great service.
RBC is suggesting a series of GIC's and some bond funds such as : Ipco monthly income,I shares advantaged short duration high income ETF,Lysander corporate value bond class templeton global bond fund.
I am 72 and must take money out of my RRSP whether I need it or not...
Can't thank you enough for this great service.