BMO Matchmaker portfolios
Question: I have an RRSP with the Bank of Montréal called the Matchmaker and they use their mutual funds to create portfolios. I don’t hear too much good about mutual funds lately and have friends that tell me to move my investments out of this. What do you think? – M.C.
First, I’m not sure what your friends are suggesting you invest in instead of mutual funds so I can’t offer an opinion on the alternative. However, I would point out that mutual funds are still the best way to get professional management and broad diversification for a small investor. Plus, the wide range of mutual funds available allows you to invest in any asset class you want. So if you don’t like the stock market, you can choose bond funds or money market funds.