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Some mutual funds want you to pay for the privilege of them (or your investment adviser) taking your money to invest. It's called a load, and it works like a cover charge to get into a nightclub. Luckily, there are such things as no-load funds. As the name implies, shares of these funds are sold without a fee paid to a broker or investment advisor.
The entire amount you invest in no-load funds goes to work for your returns. On the other hand, with load funds, right off the bat you're charged commission (not to mention other fees incurred over the life of the investment). Let's say, for example, you invest $25,000 into a load fund that charges a 5% commission. This costs you $1,250 off the top, bringing your actual investment down to only $23,750.
The often-cited horse race analogy argues against investing in load funds. Here's the logic behind it: Would you place a bet on a horse that had to start a race 200 yards behind the others? Well, maybe you would if you got a tip from a sketchy, trench coat-clad man in a dark alley. However, under most circumstances, it's not smart to put your money on that handicapped horse.
But some argue that at times that man in the trench coat (aka your broker) knows more about the horses than you do, and has a better shot at picking a winner. Also, sometimes these fees are unavoidable because some funds are available only through investment advisers.
Cost-benefit analysis can help determine when a load fund is worth it (in other words, when it will score you a load) and when it is better to "do it yourself" and avoid the fees. Load-fund fees range depending on share class and can cover a variety of costs, such as paper work and fund management.
Home / Markets / Industries / Retail
Monday, May 05, 2008
Aeropostale Opens in Puerto Rico
Comtex
NEW YORK, May 05, 2008 (BUSINESS WIRE) ----New York City-based teen retailer Aeropostale announced today their plans to roll out stores in Puerto Rico and the opening of its first Puerto Rico store at Plaza Carolina in Carolina. The remainder of the initial roll out will occur in the weeks following at Plaza Las Americas in San Juan, and in the latter part of the year, at The Prime Outlet Puerto Rico in Barcelonesa.
"We're excited to be expanding Aeropostale in Puerto Rico," says Tom Johnson, Chief Operating Officer, Aeropostale. "We feel Puerto Rico is the natural next step as we continue to connect with our core customer, young men and women." The company plans to open an estimated 10 to 12 additional stores by 2010.
Puerto Rico is Aeropostale's second expansion outside the United States. In 2007, Aeropostale opened 15 stores in Canada.
"The energy of the teens in Puerto Rico mixed with our excitement for being here, will prove the right fit," says Johnson, "With the anticipation of the opening growing, as well as the company's success in the United Sates, we know Aeropostale will becomes a teen favorite in Puerto Rico."
The openings will be supported through an integrated marketing effort. Some of these efforts include outdoor advertising, in-mall marketing, radio remotes, and in-store grand opening giveaways.
Aeropostale offers trend-right clothing at compelling value for teens and young adults. Each Aeropostale store carries both men and women's apparel and a full range of accessories.
Aeropostale currently operates 825 stores in the United States and Canada as well as having an e-commerce site, aeropostale.com since 2005. The first Aeropostale store was opened in 1987.
For more information on Aeropostale and its Puerto Rico launch please visit aeropostale.com.
About Aeropostale, Inc.
Aeropostale, Inc. is a mall-based, specialty retailer of casual apparel and accessories, principally targeting 14 to 17 year-old young women and men. The company provides customers with a focused selection of high-quality, active-oriented, fashion and fashion basic merchandise at compelling values. Aeropostale maintains control over its proprietary brands by designing, sourcing, marketing and selling all of its own merchandise. Aeropostale products can only be purchased in its stores or on-line through its e-commerce website (www.aeropostale.com).
SOURCE: Aeropostale, Inc.
Aeropostale, Inc. Quinn Solomon, 646-452-1820 Public Relations Manager Fax: 646-485-5360 qsolomon@aeropostale.com
Copyright Business Wire 2008
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