Hello fellow reddiors,
I have an RRSP/DPSP plan to get some extra free money from my employer. I'd like to invest using the CCP method and want to get some advice.
Here is the list of options I have currently:
Fund name
Fund code
MER
ML MIM Cdn Equity Index
7132
1.48%
ML JF Canadian Equity
7241
1.70%
ML CC&L Group Cdn Q Growth
7313
1.70%
ML Scheer Rowlett Cdn Eq
7601
1.80%
ML MMF Growth Opportunities
7122
1.90%
ML MIM U.S. Equity Index
8131
1.48%
ML US Div Growth Eq (Well)
8196
1.95%
ML BR Intl Equity Index
8321
1.60%
ML BP International Equity
8401
2.12%
ML MFS Global Eq Growth
8161
1.75%
ML Invesco Global Comp.
8181
2.00%
ML MIM Cdn Bond Index
4191
1.47%
ML PH&N Bond Fund
4271
1.70%
I am only going to be investing the amount to maximize my employer contributions, so $1,000 a year.
From what I see here, I am planning on selecting the Canadian equity index (7132), US Equity Index (8131), International Equity Index (8321), and the Canadian Bond Index (4191).
This minimizes the MER/IMF fees and diversifies globally.
I will be pulling out my own RRSP contributions annually to move to my own managed index funds and will be pulling out the DPSP funds as soon as I leave this place (probably within 3-5 years).
Appreciate any thoughts or advice.
I have an RRSP/DPSP plan to get some extra free money from my employer. I'd like to invest using the CCP method and want to get some advice.
Here is the list of options I have currently:
Fund name
Fund code
MER
ML MIM Cdn Equity Index
7132
1.48%
ML JF Canadian Equity
7241
1.70%
ML CC&L Group Cdn Q Growth
7313
1.70%
ML Scheer Rowlett Cdn Eq
7601
1.80%
ML MMF Growth Opportunities
7122
1.90%
ML MIM U.S. Equity Index
8131
1.48%
ML US Div Growth Eq (Well)
8196
1.95%
ML BR Intl Equity Index
8321
1.60%
ML BP International Equity
8401
2.12%
ML MFS Global Eq Growth
8161
1.75%
ML Invesco Global Comp.
8181
2.00%
ML MIM Cdn Bond Index
4191
1.47%
ML PH&N Bond Fund
4271
1.70%
I am only going to be investing the amount to maximize my employer contributions, so $1,000 a year.
From what I see here, I am planning on selecting the Canadian equity index (7132), US Equity Index (8131), International Equity Index (8321), and the Canadian Bond Index (4191).
This minimizes the MER/IMF fees and diversifies globally.
I will be pulling out my own RRSP contributions annually to move to my own managed index funds and will be pulling out the DPSP funds as soon as I leave this place (probably within 3-5 years).
Appreciate any thoughts or advice.