Dispelling some common myths associated with mutual funds
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