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The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > Canadian Finance and Investing Thread - Paying More is our National Pastime
 
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Italy's Chicken
Feb 25, 2001

cs is for cheaters
 I need a recommendation for what to do with a LIRA (Locked-In Retirement Account). Keep in mind I am clueless when it comes to investing. I worked 3 years in a union who held almost $10,000 for a pension that was somehow "locked" and I didn't know what to do with it. A family friend, who works for Investor's Group (yes I'm a sucker), said he could transfer it to one of their funds. It's in their "Investors Real Property-A" fund which has a MER of 2.53 (according to this link). If I Google Finance the fund, I see since it's inception in 2008 it hasn't gained anything. My clueless investing mind thinks I'm screwing myself with no gains while taking the MER hit. How hosed am I?

* # ¿ Sep 15, 2013 21:51
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The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > Canadian Finance and Investing Thread - Paying More is our National Pastime