I am 23 years old and have been in industry for a couple years and my savings have grown to an amount whereby GIC's are no longer good enough.
Since I bank with TD Canada Trust, there seems to be a consensus that TD e-Series funds are a good investment option.
I think I have a good grip on things.
However, I can't help but notice that many articles about the topic seem to suggest something along the lines of:
The strategy is touted as a good option for beginners because it gives investors a simple way to set-up a low-cost, broadly diversified portfolio.
I'm trying to understand why these funds aren't a great option for all investors- why just beginners?
The idea is that these are indexed funds and with low fees- unless someone wants to pick individual stocks and take on that level of risk, why isn't this a great option even if I had a million dollars to invest?