--001a114f4f18bb4ef4052d3a1410 Content-Type: multipart/alternative; boundary=001a114f4f18bb4eef052d3a140f --001a114f4f18bb4eef052d3a140f Content-Type: text/plain; charset=UTF-8 Content-Transfer-Encoding: quoted-printable gchat? On Thu, Mar 3, 2016 at 3:03 PM, Beauchemin, Charles wrote: > I was recommending it as it had minimal exposure to Canada, and had a nic= e > diversification of foreign bonds. > > One of the many fund managers who supervise this fund, Dan Dupont, is an > all-star in the fund industry known for his consistent out performance of > his peers in both up and down markets. > > > > If you would like to go =E2=80=9Cmore aggressive=E2=80=9D then I would re= commend sticking > with US companies. > > See attached: Fidelity American Disciplined Equity Fund > > Note that 19% of the fund is invested in Information Technology, also > check out the Top 10 Holdings. > > Charles Beauchemin, B. Comm CIM=C2=AE > > Conseiller en placement | Investment Advisor > > Gestionnaire de portefeuille associe | Associate Portfolio Manager > > Financi=C3=A8re Banque Nationale =E2=80=93 Gestion de patrimoine | Nation= al Bank > Financial =E2=80=93 Wealth Management > > Transit: 147 Pointe-Claire > Tel: 514.428.4328 | Fax: 514.426.2009 > Sans Frais | Toll Free:1.888.322.2522 > > charles.beauchemin@nbc.ca > > > > *From:* Timothy Thomas [mailto:tt@homecareassistance.com] > *Sent:* March 3, 2016 11:38 AM > *To:* Beauchemin, Charles > *Cc:* McConnell, Colleen > *Subject:* Re: RRSP Deposit > > > > Thanks for the clarification. > > > > The Fidelity fund seems quite conservative. Can you explain why you > recommend it? Seems its performance hasn't been great over the last 10 > years. Is there a mutual fund with a little more upside/risk? > > > > Tim > > > > > > On Thu, Mar 3, 2016 at 11:10 AM, Beauchemin, Charles Charles.Beauchemin@bnc.ca> wrote: > > Hi Timothy, > > > > Check out your transaction history (if that option is available) online? > > > > Summary: > > > > 1. We contributed =E2=80=9Cin-kind=E2=80=9D the Fidelity mutual fun= d that was in > your TFSA, amount $1,581.23. We moved the mutual fund from your TFSA and > put it into your RRS, without selling it. > > 2. We contributed =E2=80=9Cin-cash=E2=80=9D the amount of $1,750 > > > > So your cash balance went from $569.77 + $1,750 to *$2,319.77 in cash* > > But the total value of your portfolio went up by the *full contribution > amount* of $1581.23 + $1750 =3D +$3,331.23 > > > > > > As for the $2323.55 current cash balance in your RRSP, what would you lik= e > to invest in? > > If we buy stocks or ETF=E2=80=99s, our minimum commission is $100 per tra= de > unfortunately. Also if you want to buy a US stock, you need to convert fr= om > CAD into USD, which means you would only have $2323.55 x 0.7472 =3D $1,73= 3.33 > USD to invest. > > If we buy a mutual fund, for a minimum amount of $2,000, we can charge yo= u > $0. > > > > I would be inclined to add to our Fidelity North Star Currency Neutral > fund position