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难道投资理财就是换美元吗?
希望交些对互惠基金之类的投资感兴趣的朋友,加我msn:cr1998@cr1998.net
附一个最近写的小报告,怎么买基金:
DIY to Buy Mutual Funds at the BMO
What is a Mutual Fund?
“A mutual fund is a pool of investments managed by professional money
managers. When you invest in a mutual fund, you're actually pooling your money with
other people who have similar investment goals. An expert called a portfolio manager
invests that money on behalf of the whole group. If the investments make money,
everyone shares in it. If the investments lose money, the whole group shares in the loss.”
Buying Mutual Funds Step by Step
The most valuable thing I did in this semester was to buying mutual funds in
BMO. Now I want to discuss how to buy mutual funds step by step at the BMO. I hope
that my introduction can help people purchasing mutual fund, since I felt helpless at the
beginning. In summary, you will be able to buy mutual fund at the BMO easily by
yourself through six steps in three days.
You don't need a finance degree or becoming a business student before purchasing
mutual funds. The things you need to know are some basic concepts; otherwise, you
will feel difficult to communicate with people when talking about mutual fund.
However, don’t go to the library, don’t use Google. The most convenient place is
BMO’s mutual fund web page. You will find all the basic questions about mutual
funds in “Mutual Fund Basics”. Go there and just read it. Don’t worry if you don’t
understand. You can write down the questions if you have some. It is enough that you
spend two to three hours getting basic ideas. I suppose that you do that the next
Monday.
- Call the BMO Investment Centre
After you have basic ideas, you can call their total free phone number
1-800-665-7700. The advisors are professional and patient. You are welcome to ask
whatever you want to know about mutual funds since you are their potential customer.
Once you decide to buy mutual fund, you need an appointment to open an account;
you can’t do that by phone or online.
There are two ways to make an appointment. You can find the nearest branch by
searching on this address: www.bmo.com/contactus/abm.html . After you find the
phone number, it is better to call to make an appointment, or you can go to
a branch by person. You can finish these first three steps in one day.
You go to see the consultant the next day. One professional consultant will talk
with you about investments, including your goals and your finance situation. To open
an account, you need to sign an agreement and they will give you a simplified
prospectus. They will than transfer $500 from your bank account to your mutual
fund account. I chose a conservative fund as my initial investment. You can ask
the consultant to help you to choose a fund at the beginning.
After you have a mutual fund account, you can call BMO Investment Centre again to
activate your mutual fund online account. There are two entrances to sign in online
account. One is your online bank account where you can find your mutual fund
account in the investment category. If you don't have a BMO online banking account,
you can sign in through BMO mutual fund home page at www.bmomutualfunds.com .
After signing into the account, you can do whatever transactions you want, such as
“Purchase a Mutual Fund”, “Switch between Mutual Funds” and “Withdraw from a
Mutual Fund”. Of course, you can do transactions by phone or by person. It is
obvious that doing a transaction online is clearer and more convenient than other
ways.
- Choose Funds & Transactions
Since BMO needs 24 hours to active your online account, I suppose you do the last and
the most important step in the third day. It seems complicated that how to choose the
right funds. You need to know the current economic situation, you need to analyze
the funds, you need professional suggestions. There are 40 funds in BMO,
and there is much information for every individual fund, such as “what does the fund
invest in”, “distribution policy”, “top ten holding” and so on. However, I suggest to
keep things simple. The only thing we need to know is past performance. You can
look at the past performance chart of every fund. And determination base on your
investment objectives and tolerance for risk. For example, let’s look at the following
chart.
Because of “9.11”, the economics were very bad in 2001 and 2002. However, this fund’s
performance has been quite good. The minimum increase is “8.25%”, and the maximum
is “29.84%”. So I chose it for consideration. You will not spend too much time
analyzing 40 charts. It took me three to four hours to choose the funds. How much and
how many funds you want to buy will depend on your money. Then you do the purchase
transactions. So we finish the mutual fund purchase in three days through six steps by
ourselves. It is not difficult, is it? No, it isn’t.
FAQ
Following are the most important questions for mutual fund beginning holder, and you
can find the answer in the reference list websites
What is a mutual fund?
Why invest in mutual funds?
How do I choose the right mutual funds?
What fees do I pay as an investor?
What are the risks?
How does my non-registered mutual fund investment get taxed?
How does my registered mutual fund investment get taxed?
References List
BMO Mutual Fund Basics
http://www.bmo.com/mutualfunds/ec/index.html
BMO Mutual Fund simplified prospectus
http://www.bmo.com/mutualfunds/pdfs/Prospectus~E.pdf
Scotia Bank Mutual Fund Learning Centre
http://www.scotiabank.com/cda/content/0,1608,CID9503_LIDen,00.html |
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