mutualfunder

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.  

      

• Get Basic Ideas
  

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.

• Make An Appointment
  

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.

• Open An Account
  

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.

• Open An Online Account
  

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

concon

Your little report on Mutual Funds is very good. I am also very interested in Mutual Funds, but haven't started investment yet. I often heard that TD bank is very good for Mutual Fund investment. I don't know the different between TD and BMO. Do you have any idea? Thanks.

mutualfunder

Post by concon
Your little report on Mutual Funds is very good. I am also very interested in Mutual Funds, but haven't started investment yet. I often heard that TD bank is very good for Mutual Fund investment. I don't know the different between TD and BMO. Do you have any idea? Thanks.

TD就是TD银行，BMO就是BMO银行，因为我银行账户在BMO，所以就去BMO买了，实际上我现在也买了TD的。

写那个小essay，是3月份的事情啦。现在知道的东西多了不少。建议就去开个户口，随便哪个银行，就跟开银行户口一样，还不要管理费，就买500块，慢慢的，知道的东西就多了，就理解啦。

我们可以msn上聊。

tracy

You are absolutely right.

Every day, I see too many FX threads....

Really want to make some friends with investment interest.

I already add your name under my MSN list, hope to talk to you soon....