Readers Digest just released a list of 13 Scary Things You Didn’t Know About Canada. The list included everything from Lake Monsters to Phantoms in Old Montreal. It’s interesting but everything on the lists is arguably “unreal”. What isn’t “unreal” is the 14th.
So what is the 14th Scariest thing in Canada that most people don’t know about (or chose to hide from)?
Murder Everyone’s Returns (M.E.R.s)
Actually it stands for Management Expense Ratio which is what the mutual funds charge you to manage your money……but it’s the same thing.
Canada has some of the highest MERs in the world and they are murdering investors returns.