A Mutual Fund representative can:

  • Only sell you mutual funds from their banking institution
  • Charge you one time, on-going, and penalty fees that reduce your overall gains
  • Not hold cash for opportunities (unlike a Securities Broker)

mutual funds

Why buy mutual funds?

  • Built-in diversification. When you buy a mutual fund, your money is combined with the money from other investors, and allows you to buy part of a pool of investments. A mutual fund holds a variety of investments which can make it easier for investors to diversify than through ownership of individual stocks or bonds.
  • Easy to buy and sell. Mutual funds are widely available through banks, financial planning firms, investment firms, credit unions and trust companies. You can sell your fund units or shares at almost any time if you need to get access to your money. But you may get back less than you invested.

Reasons mutual funds may not be right for you

  • Fees – You must pay sales charges, fees and expenses regardless of how the fund performs, even if the fund has negative returns.
  • Transparency – The fund’s holdings are only known to investors at certain points in time. And you don’t have any influence or control over specific investment decisions made by the portfolio manager.
  • Pricing – With an individual stock, you can get real-time (or close to real-time) pricing information by checking financial websites or by calling your advisor or broker, and you can monitor changes in those prices as they move during the day. With a mutual fund, the price to buy or redeem your shares usually depends on the fund’s net asset value (NAV), which is generally calculated only once every business day, typically after the major Canadian exchanges close.

TOP

Jaret’s knoweledge of the markets and outstanding. He is always available and contacts me when my portfolio needs adjusting. I recommend him.

L.C.

I really appreciate not being charged on-going fees. Even though my portfolio is largely buy-and-hold, Jaret is always on top of things. I feel like a high-net worth client even though I’m not.

B. Allen

Jaret really helped get our family’s assets in order. RRSPs and RESPs are in good hands. Thank you Jaret.

Kurt

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If you have any immediate questions about my services, feel free to give me a call at 604-816-5988 or send me an email! Prefer to schedule a call ? Add yourself to my calendar on a date and time that works best for you.

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