Wednesday, February 21, 2018

Recent Sell – Seg Funds

This is part of my annual sale in my employer-offered retirement matching plan. As part of the employment compensation package, I am encouraged to contribute to a group retirement plan, to which my employer matches 50% of the funds. The catch was that I had to choose from a pool of segregated funds offered by an insurance company. These funds come with high management fees but in order to not leave money on the table, I decided to make regular contributions. I originally documented it in this post.

Once a year, I am given a freebie to withdraw funds and move them to my other self-directed retirement accounts. My last such move was exactly a year ago in Jan 2017. I sold my positions in the following two funds. Going forward I will be repeating this move each January, so that my overall expenses fees remain low.
  • US Equity Index Seg Fund
  • International Equity Seg Fund
I will continue taking advantage of this benefit from my work and regular contributions into these funds will continue as usual on a monthly basis.
Full disclosure: Our full list of holdings are available here.

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