even if you subtract the mutual fund fees you are still ahead . better than a savings account or anything the banks have out there to "save your money"
Not after you adjust for risk.
Comparing earning 8% with RIM stock to earning 2% in a savings account is not a valid comparison. One is far, far riskier than the other. Hence the higher return. This is an elementary economic principle. There is such thing as a risk/return spectrum.
I suppose if you have the time to invest properly - researching companies, buying and selling on a daily or weakly basis- you can probably do well with single stocks.
Maybe. Or maybe not. On average, you would match the performance of the market. After accounting for "friction" (trading fees, taxes, etc.), you'd be behind.
The market is a closed system. It's just a bunch of people selling the same stocks to each other. They can't all
be "above average" consistently. For every winner, there has to be a loser.
My self I just don't have the time. I guess I have to pay someone to do it for me.
Think about it. If the person you were paying to "beat the market" for you were really able to consistenly do so, why would he waste his time helping schlubs like you get rich? Why wouldn't he just leverage up the wazoo, double his money a couple of times, and retire to a warm island at age 25 with millions in profits?
You cannot pay someone to "beat the market" for you consistently. It's simply not possible, and even if it were, those people would not waste their time and talents helping YOU get rich. They'd simply get rich themselves and be done with it.
I have also heard that mutual funds have lower management fees in the states, to that probably factors into the canadian picture to.
They absolutely do, yes, that's true.