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Mutual Fund Investing For Canadians For Dummies



Mutual Fund Investing For Canadians For Dummies

Andrew Bell, Matthew Elder

ISBN: 978-0-470-15799-2 September 2009 384 Pages


Mutual funds offer investors a diverse portfolio in a single investment, which is critical in an uncertain economy. Although ideal for buyers who don’t want to tackle the stock market alone, mutual funds can still be intimidating, with a bewildering array of options. And now that foreign content regulations for RRSPs have been lifted, Canadians have even more choices.

Mutual Fund Investing For Canadians For Dummies explains it all, from the basics -- what is a mutual fund? -- to the not-so-basic -- are index funds better than managed funds? Is my MER cutting into my ROI? With information on how mutual funds can be a vital and profitable component of everyone’s retirement plans and how they can help readers build their wealth inside their tax-free savings account, this friendly guide offers the principles Canadians need to know in order to be informed and successful mutual fund investors.

"This book is easy and even fun to read. … Mutual Fund Investing For Canadians For Dummies is worth the investment if you are looking to build a fund portfolio that suits your needs and will give you healthy, long-term returns."
Jeff Dupuis,

Introduction 1

Part I: Meet the Mutual Fund 7

Chapter 1: What Is a Mutual Fund? 9

Chapter 2: Buying and Selling Basics 21

Chapter 3: Paperwork and Your Rights 43

Chapter 4: Building Your Very Own Financial Plan 59

Chapter 5: Beyond Mutual Funds 79

Part II: Buying Options: Looking for a Helping Hand 99

Chapter 6: Discount Brokers: Cheap Thrills 101

Chapter 7: Banks: The Fast Food of Funds 113

Chapter 8: Stockbrokers, Financial Planners, and Advisers Aplenty 121

Chapter 9: Buying Direct: Six Independents that Sell to the Public 137

Part III: The Fund Stuff: Building a Strong Portfolio 153

Chapter 10: Equity Funds: The Road to Riches 155

Chapter 11: Heirloom Equity Funds: The Dull Stuff that Will Make You Wealthy 173

Chapter 12: Las Vegas-Style Equity Funds: Trips You Don't Need 183

Chapter 13: Balanced Funds: Boring Can Be Good 199

Chapter 14: Bond Funds: Boring Can Be Sexy, Too 215

Chapter 15: Index Funds and Exchange-Traded Funds: The Lucrative Art of Owning Everything 231

Chapter 16: Dividend and Income Funds: Confusion Galore 247

Chapter 17: Money Market Funds: Welcome to Sleepy Hollow 259

Chapter 18: Fund Oddities: Strange Brews Sometimes Worth Tasting 269

Chapter 19: Segregated Funds: Investing on Autopilot 279

Chapter 20: Fund Packages: One-Stop Shopping 289

Part IV: The Nuts and Bolts of Keeping Your Portfolio Going 299

Chapter 21: The Internet: The Place to Go for Fund Information 301

Chapter 22: RRSPs: Fertilizer for Your Mutual Funds 311

Chapter 23: Taxes: Timing Is Everything 321

Part V: The Part of Tens 335

Chapter 24: Ten Questions to Ask a Potential Financial Adviser 337

Chapter 25: Ten Signs You Need to Fire Your Financial Adviser 343

Chapter 26: Ten Mistakes Investors Make 349

Index 351