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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
Travelzoo Releases Top Ideas for Memorial Day Travel
Comtex
NEW YORK, May 9, 2008 (PrimeNewswire via COMTEX News Network) ----Travelzoo (Nasdaq:TZOO), a global Internet media company, today released its list of travel deals for the Memorial Day holiday. Travelers can save as much as 60% on destinations such as Mexico, Florida and major U.S. cities. To find the latest Memorial Day travel deals visit www.travelzoo.com/memorialday.
"Many resorts in warmer destinations such as Florida, Mexico, the Caribbean, Palm Springs and Arizona are at the beginning of their low season and are reducing their rates to entice travelers this Memorial Day holiday," said Gabe Saglie, senior editor at Travelzoo. "We're seeing savings of up to 60% at select resorts. There are also great deals to be found in city destinations such as New York City, Washington, D.C., San Francisco and Boston at hotels that traditionally rely on the business traveler."
Travelzoo's local editors have crafted the following offers from its travel partners:
-- Mexico - BookIt.com is offering a great deal of over 60% off at the all-inclusive Grand Sunset Princess Resort in Mexico's Riviera Maya. Travelers can stay in a Junior Suite for just $89 per person, per night and as an added bonus, kids stay free. -- Florida - If you're looking for an economical family vacation this Memorial Day holiday, try renting a condo in Orlando, Florida. The Fountains is offering a 2-bedroom villa for $120 per night. This is over a $100 in savings. Each villa features 2 bedrooms, 2 bathrooms, a fully equipped kitchen, a screened-in patio, a garden tub and a surround- sound stereo. The Fountains is just minutes away from Disney theme parks, Universal Studios, SeaWorld and Kennedy Space Center. -- Short City Escapes - If you only have a few vacation days to spare, a short city stay tacked on to a business trip may be your ticket this Memorial Day. The swanky new Donovan House, A Thompson Hotel in Washington, D.C., is offering a $119 per night rate. This offer saves you up to $100 off regular rates and includes a free upgrade to a deluxe King Deluxe room. Upgrades to a Studio King room are also available for $80 more per night.
All of the offers published in Travelzoo's Memorial Day section are verified for accuracy and availability by Travelzoo's Test Booking Center(tm). To find the latest Memorial Day travel deals, visit www.travelzoo.com/memorialday.
About Travelzoo
Travelzoo is a global Internet media company. Travelzoo's media properties, which reach more than 12 million travel enthusiasts in the U.S., Australia, Canada, China, France, Germany, Hong Kong, Japan, Taiwan and the U.K., include the Travelzoo(r) Web site (www.travelzoo.com), the Top 20(r) list, the Newsflash(tm) e-mail alert service, the Travelzoo Network(tm) and SuperSearch(tm), a travel search engine. Travelzoo publishes offers from more than 900 advertisers. Travelzoo's deal experts review offers to find the best travel deals and confirm their true value. Travelzoo's global headquarters are in New York City.
The Travelzoo logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=4094
Certain statements contained in this press release that are not historical facts may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward-looking statements may include, but are not limited to, statements about our plans, objectives, expectations, prospects and intentions, markets in which we participate and other statements contained in this press release that are not historical facts. When used in this press release, the words "expect", "predict", "project", "anticipate", "believe", "estimate", "intend" , "plan", "seek" and similar expressions are generally intended to identify forward-looking statements. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements, including changes in our plans, objectives, expectations, prospects and intentions and other factors discussed in our filings with the SEC. We cannot guarantee any future levels of activity, performance or achievements. Travelzoo undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release. Travelzoo and Top 20 are registered trademarks of Travelzoo. All other names are trademarks and/or registered trademarks of their respective owners.
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: Travelzoo
Travelzoo Media Contact: Mindy Joyce (212) 484-4918 mjoyce@travelzoo.com M Booth & Associates Media Contact: Andrea Conrad (212) 539-3212 andreac@mbooth.com
(C) Copyright 2008 PrimeNewswire, Inc. All rights reserved.
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