15 years ago I was contributing to a RRSP matching program at my first employer for a short period of time.
I was in my mid-20s and once i quit my job, i forgot about this account, moved to a new address and lost track of it.
Few months ago Canada Life tracked me down, told me i had money sitting in it for 15 years and I could retrieve it. (It was a nice surprise)
I finally took the time to look into it today. Over 15 years, the return was 0.5%. I made $40.
The way those old school investment companies operate is insane and borderline criminal.
0.5% over 15 years, how mcuh fees did they make over that period during such a high growth stock period?
The account was called "moderate growth".
I'm so glad I learned later how to invest on my own and not rely on anyone else.
This account is getting transferred to Wealthsimple immediately.
@jerome WTF, je sens que même les ristournes des caisses populaires serait plus généreux! 😅
Perso, je demanderai d’avoir les relevé détaillés de tout ça pour voir ce qui s’est passé avec ce compte!
Jérôme
Xavier Jacques Côté