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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
Friday, May 16, 2008
Sears Canada offers budget relief for the Canadian family...
Comtex
TORONTO, May 16, 2008 (Canada NewsWire via COMTEX News Network) ----Sears Canada is responding to the concerns of Canadians, by offering on-going competitive promotions on summer essentials to help make the season affordable, without travelling far from home.
"With gas prices at all-time highs, Canadians do not need to go to the US to find items at more affordable prices. With Sears new seasonal offers, they won't have to look beyond their neighbourhood Sears" said Dene Rogers, President and Chief Executive Officer, Sears Canada. "We recognize how the changing economy affects Canadian families and we are doing our part to ensure that we provide our customers with what they want and need to have a great summer."
Sears Canada and its suppliers are bringing superior value to Sears customers. Throughout the spring/summer season, Sears will offer the must-have items of the season at competitive prices during various promotions. The first long weekend of the summer is commemorated with an incredible 3 day sale beginning Friday, May 16, 2008. The Celebrate...Long Weekends and Home Sale events feature a wide assortment of low price merchandise with fashion, home d�cor and big ticket offers timed perfectly over the long weekend.
Here are some examples:
<< - Women's Nevada "Light' and 'Flight' Summer Sandals Sale 19.99 - 40% off Selected Jessica Sport Shorts, T-Shirts, Tank tops and Capris Sale 11.99 - 23.99 - 40% off All Women's Christina, Baltex Silhouette Solution, IT Figures, Nygard, and Alia Swimwear - 40% All Retreat, Van Heusen, and Pierre Cardin Sportshirts and Knit Tops - 7-Pc. "Avista" Sling Dining Patio Set SALE $399.99 - Kenmore 40,000 Total BTU Double Burner Propane Grill SALE $199.99 - Hillary Outdoor Multi-Purpose Screen House SALE $124.99 - 20" Free Spirit Dual Suspension Bike SALE $129.99 - Craftsman 18" Push Mower SALE $119.99 - Craftsman 18" Electric Lawn Mower SALE $199.99 >>
Sears Canada wants customers to shop with confidence in their own communities knowing that it is continuing its efforts to provide great comparable value backed by the Sears satisfaction guarantee. Over the past year Sears has responded to the increase in the Canadian dollar with its "Stronger Dollar, Lower Prices" program. Sears is committed to helping hard working Canadians get the best value for their dollar during this time of soaring fuel costs that make long distance shopping trips expensive and time consuming.
Sears Canada is a multi-channel retailer with a network of 197 corporate stores, 183 dealer stores, 51 home improvement showrooms, over 1,800 catalogue merchandise pick-up locations, 106 Sears Travel offices and a nationwide home maintenance, repair, and installation network. The Company also publishes Canada's most extensive general merchandise catalogue and offers shopping online at www.sears.ca.
SOURCE: Sears Canada Inc.
Eliana Cugini, Sears Canada Inc., (416) 941-4426
Copyright (C) 2008 CNW Group. All rights reserved.
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