Mutual Fund Investing For Canadians For Dummies explains it all, from the basics -- what is a mutual fund? -- to the not-so-basic -- are index funds better than managed funds? Is my MER cutting into my ROI? With information on how mutual funds can be a vital and profitable component of everyone’s retirement plans and how they can help readers build their wealth inside their tax-free savings account, this friendly guide offers the principles Canadians need to know in order to be informed and successful mutual fund investors.
“This book is easy and even fun to read. … Mutual Fund Investing For Canadians For Dummies is worth the investment if you are looking to build a fund portfolio that suits your needs and will give you healthy, long-term returns.”
Jeff Dupuis, money.canoe.ca
Autorentext
Andrew Bell is a host on the Business News Network. Previously, he worked as an investment reporter and editor with The Globe and Mail, where he compiled "Stars & Dogs," a humorous roundup of hot and damp stocks.
Matthew Elder was vice-president, content and editorial, of Morningstar Canada, and is now a writer and communications consultant.
Klappentext
Learn to:
- Understand your fund options, from equities to indexes to bonds
- Select funds with low expenses and high returns
- Build a fund portfolio that suits your personal investment style
- Protect your money through diversification
Build your wealth through mutual funds with this fun and friendly guide!
Mutual funds offer you the easiest way to diversify your investments, but the range of options can be bewildering. This jargon-free, friendly guide makes mutual fund investing simple and profitable. Valuable recommendations on the best funds available and sample portfolios show you exactly how to accomplish your financial goals.
- Knowing how and where to buy get the scoop on how to avoid costly commissions that eat into your returns
- Understanding your options explore equity funds, bond funds, and specialty funds
- Investigating indexes discover how index and exchange-traded funds can take the work out of investing
- Building a portfolio determine your personal investment style and find out how to choose funds that will meet your financial goals
- Sorting the stars from the dogs steer clear of investing hype and choose consistently profitable funds
- Diversifying your investments build a portfolio that will stand up to even the most volatile market
- Keeping track of your investments understand how to evaluate your funds' performance
- Planning for retirement learn how to select the most dependable funds for your RRSP so you can enjoy your golden years in style
Open the book and find:
- The ABCs to picking a profitable fund
- How to decipher mutual fund prospectuses
- What return to expect from your funds
- What types of funds you should avoid
- The funds everyone should own
- Tax-efficient ways to invest
- Key questions to ask any prospective financial adviser
- Reliable online sources of mutual fund information
Inhalt
Introduction 1
Part I: Meet the Mutual Fund 7
Chapter 1: What Is a Mutual Fund? 9
Chapter 2: Buying and Selling Basics 21
Chapter 3: Paperwork and Your Rights 43
Chapter 4: Building Your Very Own Financial Plan 59
Chapter 5: Beyond Mutual Funds 79
Part II: Buying Options: Looking for a Helping Hand 99
Chapter 6: Discount Brokers: Cheap Thrills 101
Chapter 7: Banks: The Fast Food of Funds 113
Chapter 8: Stockbrokers, Financial Planners, and Advisers Aplenty 121
Chapter 9: Buying Direct: Six Independents that Sell to the Public 137
Part III: The Fund Stuff: Building a Strong Portfolio 153
Chapter 10: Equity Funds: The Road to Riches 155
Chapter 11: Heirloom Equity Funds: The Dull Stuff that Will Make You Wealthy 173
Chapter 12: Las Vegas-Style Equity Funds: Trips You Don't Need 183
Chapter 13: Balanced Funds: Boring Can Be Good 199
Chapter 14: Bond Funds: Boring Can Be Sexy, Too 215
Chapter 15: Index Funds and Exchange-Traded Funds: The Lucrative Art of Owning Everything 231
Chapter 16: Dividend and Income Funds: Confusion Galore 247
Chapter 17: Money Market Funds: Welcome to Sleepy Hollow 259
Chapter 18: Fund Oddities: Strange Brews Sometimes Worth Tasting 269
Chapter 19: Segregated Funds: Investing on Autopilot 279
Chapter 20: Fund Packages: One-Stop Shopping 289
Part IV: The Nuts and Bolts of Keeping Your Portfolio Going 299
Chapter 21: The Internet: The Place to Go for Fund Information 301
Chapter 22: RRSPs: Fertilizer for Your Mutual Funds 311
Chapter 23: Taxes: Timing Is Everything 321
Part V: The Part of Tens 335
Chapter 24: Ten Questions to Ask a Potential Financial Adviser 337
Chapter 25: Ten Signs You Need to Fire Your Financial Adviser 343
Chapter 26: Ten Mistakes Investors Make 349
Index 351