Have about $100K sitting in a Manulife account from my previous employer’s retirement plan. Since I’ve left the company, Manulife wants me to move the funds into a personal account with them but the managed fees are higher and the investment options aren’t great.
Previously, the funds were invested in a US Large Cap ETF through Manulife, which performed well. Now I need to decide what to do next.
I’m considering transferring the money to another institution like Wealthsimple and managing it myself. My idea was to keep things simple and invest in broad ETFs (e.g., QQQ or Vanguard ETFs).
My main questions are:
1. If you had $100K in this situation, would you invest the lump sum all at once, or dollar-cost average (DCA) over time?
2. Would you stick purely to ETFs, or allocate some portion to individual stocks (for example companies like Microsoft that have pulled back recently)?
3. Any downsides or things I should consider before transferring out of Manulife?
Curious what others would do in this scenario. Appreciate any advice or experiences.