Wow first post
Hey guys I've been sitting on around 50-60% cash for a while now. I can't seem to find any ideas that hit me across the head like a 2 by 4.
Ive been looking into funds to manage a small chunk of my money. If I can't find any ideas maybe they can.
Donville Kent asset management comes to mind as since I am Canadian. They are able to invest right through my TFSA or RRSP. Which is a plus compared to some American funds. They have averaged 18% since inception.
I'm getting a little confused about the fee structure & was wondering if anyone had any thoughts on this. 2% management fee (paid monthly) & a 20% high water mark fee. (20% of anything over 20%)
Trying to compare it to the BPL where he didn't charge a management fee. Seems like all the 'fair' funds follow that structure.
The high water mark confuses me & thought I'd ask if this was 'fair'
Thanks.
