• EXCESSIVE ANNUAL FEES: Every year, even from no-load funds, the median Canadian equity fund will abscond with $567 in fees for each $25,000 invested (2.27%)…an astonishing amount. And every year, that's annually $567!

• PROFESSIONAL MANAGEMENT virtually guarantees you will lag the market.

• one hundred and seventy five (175) more reasons why I don't buy funds could be linked here soon from my former dividendgrowth dot ca web site.
• 176. The fund's assets might have to be sold suddenly to pay for redemptions.
• 177. How can the manager of a mutual fund take a long-term view knowing that her assets are subject to redemptions?
• 178. “The average equity [mutual funds] investor earned a paltry 2.57% annually, compared to inflation of 3.14% and the 12.22% of the S&P 500 index earned annually for the last 19 years [to 2007].” p19 Active Value Investing
• 179. “for all their stock-picking and do-gooding, the fund's managers could just as well have thrown darts at a board” Economist Feb 6 2010 regarding Norway's pension fund
• 180. In both the one and five-year periods ending December 31 2009, not one Canadian dividend and income equity mutual fund beat the S&P TSX Canadian dividend aristocrats total return index. Not one! R.O.B. March 13 2010 p.10
• 181. “Investors [in dividend funds] may not get all the income from dividends as some may go to offset expenses charged by the fund.” Globe Investor, March 25 2010
• 182. There is no legal requirement that financial advisors put client's interest (a lower fee product, for instance) first.
• 183. Should you hand your savings to a manager you have never met or talked to?
• 184. Fund managers delay the release of the exact contents of their portfolios.
• 185.

In the mean time, here are some ideas along the same line…dump your funds

http://www.investored.ca/en/investoranswers/B/26_mutualfund/Pages/3_mutualfundcost.aspx