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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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Monday, May 05, 2008
Rohm and Haas Company Names Pierre R. Brondeau, President and Chief Operating Officer; Forms Chairman's Committee
Comtex
PHILADELPHIA, May 05, 2008 (BUSINESS WIRE) ----Rohm and Haas Company Board of Directors (NYSE:ROH) today named Pierre R. Brondeau, President and Chief Operating Officer of the company, and approved the formation of the Chairman's Committee to oversee the direction of the company.
Dr. Brondeau joined Rohm and Haas Company in May 1989 and most recently has served as Executive Vice President and Business Group Executive for the company. His Rohm and Haas executive experience spans a broad array of international experience in Research and Development, Sales and Marketing, general management and executive leadership.
The newly formed Chairman's Committee will include Raj. L. Gupta, Chairman and Chief Executive Officer, Dr. Brondeau, President and Chief Operating Officer, and Jacques M. Croisetiere, Executive Vice President, and Chief Financial Officer. Mr. Croisetiere was recently named Chief Strategy Officer of the company.
"The appointment of Pierre Brondeau to serve as President and COO is recognition of his strong business and interpersonal skills, leadership qualities and outstanding record of superior performance necessary to help lead this company forward," said Gupta. "Together with Jacques Croisetiere, we have an extraordinary talented and visionary team to help grow this dynamic and innovative company. I look forward to working with both Pierre and Jacques to further accelerate our strategies to increase shareholder value."
These organizational changes are effective immediately.
About Rohm and Haas Company
Leading the way since 1909, Rohm and Haas is a global pioneer in the creation and development of innovative technologies and solutions for the specialty materials industry. The company's technologies are found in a wide range of industries including: Building and Construction, Electronics and Electronic Devices, Household Goods and Personal Care, Packaging and Paper, Transportation, Pharmaceutical and Medical, Water, Food and Food Related, and Industrial Process. Innovative Rohm and Haas technologies and solutions help to improve life every day, around the world. Based in Philadelphia, Pa., the company generated annual sales of approximately $8.9 billion in 2007. Visit www.rohmhaas.com for more information. imagine the possibilities(TM)
SOURCE: Rohm and Haas Company
Rohm and Haas Company Investor Relations Andrew Sandifer Director, Investor Relations +1-215-592-3312 ASandifer@rohmhaas.com or Media Relations Emily Riley Financial Communications +1-215-592-3644 ERiley@rohmhaas.com
Copyright Business Wire 2008
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