You Are Poorer Than You Think
If you live in Canada, you probably heard about ScotiaBank's catchy line you are richer than you think. They imply that they can improve your financial situation so you can have a stronger balance sheet. If I was a competitor, I would come up with the opposite line: You Are Poorer Than You Think. If you think of all the fees and transaction costs you pay to have your portfolio managed by someone else, you are truly poorer than you think. I totally understand that …