Drifting

Once in a while, I enter into this Drifting mode, where there seems to be no incentive to do anything.

 

Anyway, let's introduce everyone to TD e-fund series Mutual Funds, as I just recently purchased some after knowing about them for a few years. There are many articles covering this topic across many PF blogs, so my post will be just a summary of why I would recommend it

• Very low MER (aka management %), no commission per transaction either (unlike ETF)
• Can be purchased with minimum $100 per transaction, and $25 for pre-authorized purchase
• Decent selections of sectors, ranging from Canadian Index, Canadian Bond Index, International Index, Japanese Index, European Index and U.S. Indexes (Dow Jones, NASDAQ, U.S.)
• You don't need a TD account to purchase, just a TD Mutual Fund account. Note: I'd recommend open up a TD account either way for EasyWeb access
• You make all the decisions yourself, no advisor, no only-3-types of portfolios to choose from
• Diversification - it's always good, especially for the long term
• Enforced savings and potential growth better than GIC. Compared to save $100 a week and save it in the 3.40% High Savings Account (and 100% taxed for interest income), you can purchase $100 a week e-series funds and hope for a conservative 5+% return over 5 years
• I have heard a few people keep buying e-series funds and regularly convert them to ETF (i.e. sell e-funds and purchase ETF with the proceeds) as another way to save & invest

Interesting, why am I advertising a hidden treasure known to so little crowd.
In my opinion, ETF/e-series  beats picking your own stocks or mutual funds to mimic the indexes