Today I decided to start a Dividend Reinvestment Program (DRIP) for a stock I hold in a registered investment account at BMO InvestorLine. Here’s what I had to do.
Read a financial advice column and chances are good it will say: “Don’t buy mutual funds, buy ETFs. They’re way better.” But why are ETFs better? And is it even true or is it just hype? Let’s compare ETFs and mutual funds.