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Empowered Investor: A Guide to Building Better
Portfolios by Keith Matthews
Price $15.95>> 
 Pay
Attention to Investment Management Costs and Taxes
Fees, Commissions and Taxes Can Cripple Your Returns
Successful portfolio construction must in some way encompass, shape
or form a review of the total cost analysis of the portfolio. Your
personal portfolio (RRSPs, taxable investments or investment holding
company accounts) should be run like a business. Just as any successful
business management group will analyze both its revenues and its
cost structure to improve profitability and efficiency, you and
your advisor should be doing the same. It only makes sense.
It is vital that you understand the impact of your total portfolio
management costs and tax efficiency (or inefficiency). For all intents
and purposes, the revenue side of the portfolio is limited to the
expected returns from various asset classes or investment choices,
and the total cost component is really one of the few things that
you and your advisor can control.
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