Your Money's Worth by Shamez Kassam

Author:Shamez Kassam
Language: eng
Format: epub
Publisher: Shamez Kassam
Published: 2017-02-02T00:00:00+00:00

Remember, sales charges are negotiable, so don’t be afraid to talk to your advisor about them.

It is important for you to be aware that there can be many different series of a given mutual fund. Each different series has its own fund code. For example, ABC Canadian Equity Growth Fund may be available as Series A, D, and F with the fund codes hypothetically being ABC265, ABC266, and ABc267 respectively. Different classes are meant for different types of accounts or different sales structures. If you have a regular-commission account, you would purchase a Series A, while somebody with a self-directed account (through a discount brokerage, for example) would purchase Series D, and somebody with a fee-based account would purchase Series F. Note: if you own mutual fund through a discount brokerage account, make sure you own Series D funds, as these funds have lower costs because they exclude costs of advice (why pay for advice you are not receiving?).

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