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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 / Real Estate
Wednesday, May 14, 2008
China Housing & Land Development, Inc. Announces First Quarter 2008 Financial Results on Wednesday, May 14, 2008 with Conference Call Scheduled for 8:00 a.m. on Friday, May 16, 2008
Comtex
XI'AN, China, May 14, 2008 (BUSINESS WIRE) ----China Housing & Land Development, Inc. (OTC BB: CHLN through May 15, 2008; NASDAQ: CHLN starting May 16, 2008), a leading developer of residential and commercial properties in northwest China, today announced that it will release its financial results for the first quarter 2008, after the U.S. market closes on Wednesday, May 14, 2008.
The company will host a corresponding conference call and live webcast to discuss the results at 8:00 a.m. U.S. Eastern Daylight Time on Friday, May 16, 2008 (2000 hours in China).
The dial-in details for the live conference call are:
-- U.S. and Canada toll-free: 1 800.603.1779
-- International: +1 706.758.9300
-- Northern China: 10 800 713.0755
-- Southern China: 10 800 130.0724
Conference ID: 47877547 In order to join this conference call, you will be required to provide this Conference ID Number.
A live and archived webcast of the conference call will be available in the Investors section of the China Housing & Land Development website at www.chldinc.com.
A replay will be available on the China Housing & Land Development website shortly after the conference call is completed and will be there for 90 days.
A replay of the conference call will also be available through midnight May 30, 2008 by dialing:
-- U.S. and Canada toll-free number: 1 800 642 1687
-- International: +1 706 645 9291
-- Passcode: 47877547
About China Housing & Land Development, Inc.
Based in Xi'an, the capital city of Shaanxi province in China, China Housing & Land Development, Inc., is a leading developer of residential and commercial properties in northwest China. China Housing has been engaged in land acquisition, development, and management, including the sales of residential and commercial real estate properties through its wholly-owned subsidiary in China since 1992.
In 2006, China Housing became a U.S. publicly traded company registered in state of Nevada. By leveraging its strong relationships with China's local state authorities, China Housing & Land Development has been able to capitalize on the supply of available land and develop residential and commercial properties, further enhance China Housing's brand recognition, and outperform its competitors in medium size residential and commercial real estate developments in greater Xi'an.
SOURCE: China Housing & Land Development, Inc.
China Housing & Land Development, Inc. Ms. Jing Lu Vice President & Board Secretary +86 29.8258.2632 in Xi'an, China (Chinese & English) jinglu@chldinc.com or Christensen IR Mr. Tom Myers +86 139.1141.3520 in Beijing, China (English) tmyers@christensenir.com or Ms. Kathy Li +1 212.618.1978 in New York, USA (Chinese & English) kli@christensenir.com
Copyright Business Wire 2008
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