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Actual for You - Mutual Fund Commissions
For the first time in many years the personal bankruptcy rate fell in Toronto in 2006, by 0.5%. In fact, the personal bankruptcy rate was actually down in all of Canada in 2006, by an amazing 4.3%! The declining rate of personal bankruptcy in Toronto was caused in part by a very strong employment picture. The unemployment rate dec
Joe saves ? percent per year on the expense ratio, but pays and extra 5% up front. Maybe I’m wrong, but if you divide ?% in 5% that goes 10 time. In other words it is going to take Joe Mu
In today's world, it seems that almost any topic is open for debate. While I was gathering facts for this article, I was quite surprised to find some of the issues I thought were settled are actually still being openly discussed.See how much you can learn about affiliate marketing when you take a little time to read a well-researched articl
“Hello, Billy Sol (see Billy Sol Estes on Google), this is Joe Mushroom and I want to buy some XYZ mutual fund. What do you think?”
“Joe, I was just thinking about you and was going to call you, but first let me look up XYZ for you. Uh oh! Joe it has a high expense ratio of about 1 ? per cent. I would not recommend that for you.”
Billy Sol fails to mention that XYZ has no load (that’s commission) so he would not make any money if you bought it. There are thousands of excellent no-load funds that outperform the load funds. Billy Sol says the fund his brokerage company recommends is ABC and again fails to mention it has a 5% load (commission) and goes on to paint a beautiful picture of ABC and how well it has done in the past 5 and 10 year period. Furthermore the expense ratio is only one per cent which is savings of 33%.
WOW! Joe thinks that sounds pretty good so he lets Bill Sol buy ABC instead of XYZ. Let’s see what really happened.
Joe saves ? percent per year on the expense ratio, but pays and extra 5% up front. Maybe I’m wrong, but if you divide ?% in 5% that goes 10 time. In other words it is going to take Joe Mus
One of the most important things in a business is a clean image. I started a small business when I was twelve years old and built it up in a very large small business and then franchised the business. I retired at age 40 after setting up franchises in 23 states and four countries. It is an automotive and cleaning franchise. We always believed in i
“Joe, I was just thinking about you and was going to call you, but first let me look up XYZ for you. Uh oh! Joe it has a high expense ratio of about 1 ? per cent. I would not recommend that for you.”
Billy Sol fails to mention that XYZ has no load (that’s commission) so he would not make any money if you bought it. There are thousands of excellent no-load funds that outperform the load funds. Billy Sol says the fund his brokerage company recommends is ABC and again fails to mention it has a 5% load (commission) and goes on to paint a beautiful picture of ABC and how well it has done in the past 5 and 10 year period. Furthermore the expense ratio is only one per cent which is savings of 33%.
WOW! Joe thinks that sounds pretty good so he lets Bill Sol buy ABC instead of XYZ. Let’s see what really happened.
Joe saves ? percent per year on the expense ratio, but pays and extra 5% up front. Maybe I’m wrong, but if you divide ?% in 5% that goes 10 time. In other words it is going to take Joe Mu
“Marketing is not an event, but a process . . . It has a beginning, a middle, but never an end, for it is a process. You improve it, perfect it, change it, even pause it. But you never stop it completely.” This is how Jay Conrad Levinson, author and co-author of several marketing books that includes Guerilla Marketing, gives meaning to the concept
Billy Sol fails to mention that XYZ has no load (that’s commission) so he would not make any money if you bought it. There are thousands of excellent no-load funds that outperform the load funds. Billy Sol says the fund his brokerage company recommends is ABC and again fails to mention it has a 5% load (commission) and goes on to paint a beautiful picture of ABC and how well it has done in the past 5 and 10 year period. Furthermore the expense ratio is only one per cent which is savings of 33%.
WOW! Joe thinks that sounds pretty good so he lets Bill Sol buy ABC instead of XYZ. Let’s see what really happened.
Joe saves ? percent per year on the expense ratio, but pays and extra 5% up front. Maybe I’m wrong, but if you divide ?% in 5% that goes 10 time. In other words it is going to take Joe Mu
Okay, so I can tell you I have sat in front of countless numbers of people who have made mistakes when purchasing and owning annuities. And I have visited people who wish they never got involved in an annuity. And I have seen people who say that their annuity is their worst nightmare...So what is it that makes the annuity such a bad thing for so
WOW! Joe thinks that sounds pretty good so he lets Bill Sol buy ABC instead of XYZ. Let’s see what really happened.
Joe saves ? percent per year on the expense ratio, but pays and extra 5% up front. Maybe I’m wrong, but if you divide ?% in 5% that goes 10 time. In other words it is going to take Joe Mu
Link PopularityLink building has always been a hot topic. In the beginning of the web hyperlinks were virtually the only way to get visitors to a site, because search engines were in their infancy. When search engines grew to be the major source of the web traffic, links didn’t lose their weight, as search algorithms starte
Joe saves ? percent per year on the expense ratio, but pays and extra 5% up front. Maybe I’m wrong, but if you divide ?% in 5% that goes 10 time. In other words it is going to take Joe Mushroom 10 years to makeup that 5% commission charge not counting what that 5% charge would have made if it had been working in Joe’s account for that 10 year period.
What it boils down to is never pay commission for any mutual fund. If the broker will not sell you a no-load fund then get another broker. He is not trying to help you make money. He is trying to make money for himself and his company and may tell you his company does not carry a particular fund because they don’t think it is a good. Hog wash. Another broker lie. It is your money and you are entitled to buy any fund. Go to a discount broker who handles that fund and open an account. It will save you a bundle over the years and they are as safe an any big-name broker.
Advice from a financial planner is no better if he is making commissions. The smart method is to have a fee based broker who has a winning track record. Have any financial planner show you his model account. He should have one or maybe several model portfolios. Unless they make money every year he is not a successful money advisor. Don’t let them hoodwink you about their performance “is better tha
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