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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 / Technology
Tuesday, May 13, 2008
1-800-FLOWERS.COM Achieves Business and Environmental Objectives With Cisco WebEx
Comtex
SAN JOSE CA, May 13, 2008 (MARKET WIRE via COMTEX News Network) ----On-demand collaboration applications and services leader WebEx, now part of Cisco(R) (NASDAQ: CSCO), today announced that 1-800-FLOWERS.COM has implemented online collaboration tools from Cisco WebEx to increase the effectiveness and efficiency of the company's training program. For more than thirty years, 1-800-FLOWERS.COM has trained sales and service specialists to deliver the freshest flowers to customers across the globe. With WebEx Training Center Online Classroom, the company is now able to deliver an improved educational experience for its thousands of employees, and increase the amount of training they do while significantly reduce training costs and expenses. In addition, Cisco WebEx is able to help 1-800-FLOWERS.COM reduce the company's environmental footprint.
"The interactive features of WebEx Training Center allow us to extend the reach of our training program to deliver a better, more robust training experience," said Faith LeGendre, vice president of training for 1-800-FLOWERS.COM. "In addition to heightened employee satisfaction as indicated by training evaluations, our new hire trainee retention rate rose significantly, allowing us to retain hundreds of additional employees to delight mothers this season."
During holidays like Valentine's, Christmas, Hanukkah and Mother's Day, 1-800-FLOWERS.COM must prepare and train seasonal employees to help meet the increased demand for the company's flowers and gifts. Prior to using Cisco WebEx, this often involved sending someone from the training organization to a variety of remote for weeks at a time. Today, with the help of WebEx Training Center, 1-800-FLOWERS.COM can hold training sessions with seasonal employees around the globe easily and efficiently. Best of all, they have been able to increase employee engagement and retention by using the polling, break out session and collaboration features within WebEx Training Center.
In addition to increased customer satisfaction and cost savings, 1-800-FLOWERS.COM has discovered added environmental benefits from using WebEx -- the most notable being the ability to decrease its carbon footprint by dramatically reducing its educators' travel. WebEx Training Center also helps enable the instructor to provide students with online access to course materials and documents anywhere, at any time, eliminating the need to print and distribute large training manuals.
"With this solution, we can eliminate a majority of the traveling we do for training purposes and reduce the need to print bulky paper manuals. That's good for the bottom line and the environment," added LeGendre.
To learn more about WebEx Training Center or to register for a free 14-day trial, go to http://www.webex.com/go/wtcpr
About Cisco
Cisco (NASDAQ: CSCO) is the worldwide leader in networking that transforms how people connect, communicate and collaborate. Information about Cisco can be found at www.cisco.com for ongoing news, please go to http://newsroom.cisco.com
With 2.6 million registered users, WebEx, now part of Cisco, is the global leader in on-demand applications for collaborative business on the Web. These applications enhance high-touch business processes, such as sales and training, with efficient Web-touch interactions. As an on-demand provider, WebEx is able to facilitate both internal and external collaboration. WebEx delivers its range of applications over the WebEx MediaTone Network, a global network specifically designed for the highly secure delivery of on-demand applications. WebEx applications support multipoint video conferencing, Web conferencing, telework and application remote control. Please call toll-free 877-509-3239 or visit http://webex.com for more information.
WebEx and MediaTone are registered trademarks or trademarks of Cisco Systems, Inc. and/or its affiliates in the U.S. and certain other countries. Other brands and products are trademarks or registered trademarks of their respective holders. Copyright Copyright 2008 Cisco Systems, Inc. All rights reserved.
For direct RSS Feeds of all Cisco news, please visit "News@Cisco" at the following link:
http://newsroom.cisco.com/dlls/rss.html
Cisco Press Contact: LeAnne Schrotzberger Cisco (408) 853-4336 lefrank@cisco.com Industry Analyst Contact: Ron Davis Cisco (408)526-8803 ronadavi@cisco.com Investor Relations Contact: Marilyn Mora Cisco (408) 527-7452 marilmor@cisco.com
SOURCE: Cisco Systems, Inc.
mailto:lefrank@cisco.com mailto:ronadavi@cisco.com mailto:marilmor@cisco.com
Copyright 2008 Market Wire, All rights reserved.
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