Hi All
My husband has just over $100,000 in his RRSPs. The money is divided in 4.
SCOTIA INNOVA BALANCED GROWTH PORTFOLIO ($71,324.43)
SCOTIA RESOURCE FUND ($8,813.49)
SCOTIA CANADIAN DIVIDEND FUND ($14,357.93)
Scotia U.S. Opportunities Fund ($7,862.93)
My concern is that he's had about 100,000 in RRSPs since I met him 7 years ago. He lost quite a bit during the recession, but within a year it was all built back up. I am wondering why he isn't seeing much growth?
And also, is it possible, or advisable, to move it all to the dividend fund which has the lowest management fee (1.71%)?
I want to get this all organized because another $25,000 is being moved to his RRSPs in the next few weeks and I want to make sure his full amount is being maximized.
Thanks!!