Many places say that the magic number to switch from mutual funds to just owning the stocks yourself (or ETF's) is after $100,000. This is where you have enough money to be sufficiently diversified and you overcome the buying and selling fees because you are no longer paying the MER's etc of the mutual funds.
But I add to my mutual funds every week (no cost for buying/selling) and my funds are mostly the TD E-Series which have a low MER of ~0.40%. If I were to DCA individual stocks 52 times a year that would add up the buying / selling fees very quickly!
Anybody here have thoughts/advice on which of these two methods is best? I'm trying to find data that I can use to calculate which method would have had the greater return for the TSX and S&P 500 but having a hard time finding data in a spreadsheet that is weekly (or even monthly), only data I find is every year.
Any insights appreciated
But I add to my mutual funds every week (no cost for buying/selling) and my funds are mostly the TD E-Series which have a low MER of ~0.40%. If I were to DCA individual stocks 52 times a year that would add up the buying / selling fees very quickly!
Anybody here have thoughts/advice on which of these two methods is best? I'm trying to find data that I can use to calculate which method would have had the greater return for the TSX and S&P 500 but having a hard time finding data in a spreadsheet that is weekly (or even monthly), only data I find is every year.
Any insights appreciated