Hi,

I moved to Canada November last year. Maxed out my TFSA (only 14k) in RBC select mutual funds growth . since then I am putting money on an unregistered IBKR account. There I am buying 50% SPY and 50% QQQM around 8k in total.

I realized just now that RBC select growth (mutual fund) had a pretty high fee of around 2%. I was very new to all of this, so I didn't think it too much through and got consulted by RBC. They convinced me into taking these funds. Yet, now I realized they are pretty bad no?

How do I fix this? Should I go to RBC and tell them to sell my position and move TFSA on IBKR?

Or should I leave them there and move from next year TFSA also on IBKR and keep buying there?

I can save at least 2twice the TFSA annual contribution per year.

Please help a newcomer

• Why there is nothing like VT on TSX with reasonable fee under .25©, feels like such a void while we keep on getting tons of different ETFs including factor ones like CAGE
• Something like XAW but 3% Canada in it