I'll try not to make a long story out of this.
My father (who is disabled, getting disability pension), has 37K in RRSPs, which are with BMO right now. They are in two funds, which were chosen for him, one mutual (2.38% MER) and one ETF (1.72% MER). They both have similar Asset Allocations, which are pretty much a normal Index ETF portfolio AA (something along the lines of what Canadian Couch Potato recommends).
He asked me to check on it, because he doesn't know what to do. I am going to recommend he (read: "I") opens a Questrade account and just uses a standard CCP 3 funds ETF portfolio, which would be along the lines of 0,15~0,20% MER.
I know it's not a whole lot of money, my parents get by on my mother's pension and my father's disability check. Since I went to make a budget with them and check on their spending, my father stopped withdrawing from his RRSP for stupid shit he used to buy on the internet. So basically I just want to cut MER's to a minimum, so he doesn't slowly loose money over time.
I don't think he would need that money unless of an emergency. So basically I'm just trying to conserve capital, while cutting back on fees, so he has most of it when he needs it.
Am I fucking up? I just wanted to be sure, since it's not my money... I'm guessing I'll go with one of the "safer" CCP portfolios since he is over 60.
Thanks
J-S