"What do you think of WLS, I am putting some money away for my son and was wondering if you had an opinion on this stock."
I do, and it is not favourable. I regard the people who run it as a bit too cynical and self serving for my liking.
* non-transparent reporting * high MER * too much insider 'market operation' (also apparent in WAM
As a long-term savings vehicles for children, I would recommend :
AUI, DUI (for portfolio quality and concentration, very low MER) ARG (good portfolio, good track record, low MER, but also offers ease of incremental purchases through semi-annual Share Purchase Plans, you can buy $500 up to $2,500 every six months)
All three offer DRP.
CHO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held