Dave Chilton

And they thought, great, that should be part and parcel.

to what I'm getting from my advisor.

And then we had some people go on YouTube explaining various techniques.

Some advisors like you became very, very strong there.

And again, it's pulled everybody else up.

And now people are realizing I better be good at that because that's something I owe to the clients.

You know, when 90 something percent of professionally managed funds and professionally managed accounts don't keep up to the broad market averages, that's a tough place to add value.

And so it's got to be in the financial planning.

You mentioned the all-in-one ETFs.

Tell our audience what they are and why you in particular are so drawn to them.

When you say you pay a very small premium, I think a lot of Canadians don't recognize just how low the fees are.

I mean, index fund fees, of course, have collapsed, but even the all-in-one ETFs, how many basis points are they charging now?

It's very low, is it not?

Yeah, in the same way, by the way, I follow my hockey pool 20 times more closely than I follow my investment accounts.

In fact, when I go and do interviews in the media and they say, what do you think about the market right now?

I often don't know what the market's been doing the last several days because why would I?

I'm not going to make any changes to my overall strategy.

So monitoring on an ongoing basis doesn't make much sense.

Just for our audience, a basis point is 1 100th of a percent.

So when Mark's talking about 0.19%, 19 basis points, think how inexpensive that is.