[Note: This was an April Fool’s joke!]
One of the perennial problems with ETFs is they require you to open a discount brokerage account and learn to trade individual securities. That can be intimidating, especially for those who are accustomed to buying mutual funds.
For several years now, I’ve been investigating ways to bring the Couch Potato portfolios to more investors, including the millions of Canadians who aren’t comfortable with ETFs. So I’m excited to unveil the Complete Couch Potato Balanced Fund, a traditional mutual fund that will launch later this month.
Creating a new mutual fund is far more difficult than many people realize, and I could never have done it on my own. That’s why I decided to partner with a large, well-known investment firm based in Winnipeg. (I’m not yet at liberty to disclose its name because the final prospectus is being translated into French.) This firm’s capable sales force will make sure advisors across Canada sell the funds to clients even if they don’t understand the strategy.
An enhanced strategy
The new fund is based on the Complete Couch Potato in my model portfolios,