最近mutual Fund跌势凶猛

tracy · 发表于 2006-7-19 13:55

All the investment advisor just want to steal money from your pocket, especially those living on comission. They always say it is bull market and prompt you to buy their mutual funds. They don't think your investment as their own money, they think your investment is their salary!

tracy · 发表于 2006-7-20 13:42

And you have to pay them commission fee, service fee, GST/QST.....(based on your assets, not on your profit).

All the mutual funds charge you service fee and commission fee every year based on how much money in your account. Let's say the total fees are 3%, your initial investment is 10,000, after one year, you have 9,000, they charge you 9,000*3%=270, plus GST/QST. If you are lucky, after one year , you have 11,000, they charge you 330, plus GST/QST.

So no matter you earn or lose money, they have income from you, just the amount of more or less.

tracy · 发表于 2006-7-21 10:51

Sounds like many people are advocates of mutual funds.

"Nothing is free"?

If I make money through your mutual funds, definitely, I am very happy to pay you, but when I lose my principle, I still have to pay you the commission fee, service fee, etc, is that reasonable? At least, the bank will not eat my principle......

Commission fee: the money you pay the mutual funds salesperson
Service fee: the money you pay mutual funds operation cost
Some companies combine them together..

tracy · 发表于 2006-7-23 10:57

Thanks Zhouhui,

The website you recommanded looks pretty good...