Buyer Beware!

Yesterday was the last day you could have made your RRSP contribution to offset your 2013 income. So… how many of you went and bought some mutual funds? :)

With this in mind, I watched a great episode on CBC’s Marketplace called “Show Me The Money” where they went undercover to test financial advisers at the 5 major banks and 5 other investment companies. Results were not surprising to me, but some answers blew me away; $5K return on $50K investment! Sign me up! :) At the end of the day, buyer beware unfortunately.

Check out the video and share it with your family and friends!

Any readers out there have stories where their financial advisers promised them amazing returns??