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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.
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Friday, May 09, 2008
Canadians Deserve Better Access to Health Care Services - Canada Health Day Message from Canadian Physiotherapy Association
Comtex
TORONTO, May 9, 2008 (Canada NewsWire via COMTEX News Network) ----Monday, May 12 is Canada Health Day and the Canadian Physiotherapy Association (CPA) is taking this opportunity to call attention to the fact that many Canadians have limited access to timely, local, medically necessary health care services. These important gaps in health care service delivery throughout the country need to be filled as soon as possible.
CPA supports a pan-Canadian health human resource strategy as the solution and urges immediate action to align the growing population health needs of Canadians with the limited number of primary health care providers, including physiotherapists. CPA encourages the government to show more leadership on health care and help provide Canadians with the right health care professionals, at the right time, in the right place. It is only with longer-term planning on the part of the federal government that these goals are achievable.
CPA remains committed to advocating for the health care needs of all Canadians, and to working with governments, insurers and other health professionals to address the patient care access issues.
About CPA
The Canadian Physiotherapy Association is the national voluntary professional association, representing more than 10,000 members across the country. CPA's mission is to provide leadership and direction to the physiotherapy profession, foster excellence in practice, education and research and promote high standards of health in Canada. Additional information can be found at www.physiotherapy.ca.
SOURCE: Canadian Physiotherapy Association
or spokesperson interview: Virginia Bawlf, National Media Relations Liaison, (416) 932-1888 (222), vbawlf@physiotherapy.ca
Copyright (C) 2008 CNW Group. All rights reserved.
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