Dis­pelling some com­mon myths as­so­ci­ated with mu­tual funds

Cape Breton Post - - BUSINESS -

In­vest­ment pro­fes­sion­als have been pro­vid­ing ad­vice and an­swer­ing ques­tions for gen­er­a­tions of Cana­di­ans since the in­cep­tion of mu­tual funds. While th­ese days the av­er­age in­vestor is much more knowl­edge­able about fi­nan­cial is­sues than ever be­fore, it is of­ten re­ported that a few mis­per­cep­tions re­gard­ing mu­tual funds sur­face time and again.

Likely, th­ese myths are per­pet­u­ated by the me­dia which tends to over-sim­plify fi­nan­cial mat­ters. To set the record straight, the fol­low­ing high­lights some of the myths, and then sheds some light on the re­al­ity be­hind the per­cep­tion. es. First of all, Iit im­poses a mea­sure of dis­ci­pline that most of us need to en­sure we are set­ting aside enough money for a de­cent re­tire­ment. Se­condly, it al­lows the in­vestor to take ad­van­tage of ‘dol­lar cost av­er­ag­ing,’ a strat­egy whereby se­lected mu­tual funds are pur­chased re­gard­less of the price of the fund. This way, if the fund goes down you can buy more of it, thereby strength­en­ing your fund po­si­tion when the prices rise again. On the other hand, if the fund price rises, your cur­rent hold­ings ben­e­fit. Could we add some­thing that refers to PACs as a seam­less forced sav­ingsThe point is: the best way to buy mu­tual funds is to set aside an af­ford­able monthly con­tri­bu­tion and stick to it. SYD­NEY — A fledg­ling flight school is pre­par­ing to ac­cept its first class of up to eight in­ter­na­tional stu­dents from China in about two months at the J.A. Dou­glas McCurdy Air­port.

“If their visas can get granted, they will be here end of March or early April,” Grace Chum, CEO of the Cape Bre­ton Flight In­sti­tute, said in a tele­phone in­ter­view from Toronto.

The school hopes to cap­i­tal­ize on the grow­ing de­mand in Asia — es­pe­cially China — for trained pi­lots.

Chum, who was on her way to

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