Simple information on diversifying your investments with mutual funds
With mutual funds, beginning and experienced investors can afford to invest in a wide range of securities by pooling their money with others’ and splitting the profits. Mutual Fund Investing For Canadians For Dummies helps you makes sense of these funds, start investing, and create a plan to meet your financial goals. With this easy-to-understand guide, you can weigh the pros and cons of mutual funds to decide if they’re right for you. Then follow step-by-step instructions for investing your money in reputable funds—with information specific to the Canadian market.
- Learn what mutual funds are and how they’re different from hand-picking your own stocks and bonds
- Understand the risks and benefits of mutual funds so you can determine whether they fit with your financial goals
- Make a solid investment plan and craft your fund portfolio
- Consider hedge funds and other managed options for rounding out your investment portfolio
Mutual Fund Investing For Canadians For Dummies is great for beginner investors looking to learn more about the benefits of mutual funds and get up to speed on the latest information.
Daftar Isi
Introduction 1
Part 1: Meet the Mutual Fund 5
Chapter 1: Mutual Funds 101 7
Chapter 2: Buying and Selling Basics 19
Chapter 3: Paperwork and Your Rights 35
Chapter 4: Building Your Financial Plan 53
Chapter 5: Beyond Mutual Funds 67
Part 2: Buying Options: Looking for a Helping Hand 79
Chapter 6: Discount Brokers: Cheap Thrills 81
Chapter 7: Banks: The Fast Food of Funds 93
Chapter 8: Stockbrokers, Financial Planners, and Advisors Aplenty 103
Chapter 9: Buying Direct: Five Independents that Sell to the Public 119
Part 3: The Fund Stuff: Building a Strong Portfolio 135
Chapter 10: Equity Funds: The Road to Riches 137
Chapter 11: Heirloom Equity Funds: The Dull Stuff that Will Make You Wealthy 155
Chapter 12: Las Vegas–Style Equity Funds: Trips You Don’t Need 165
Chapter 13: Balanced Funds: Boring Can Be Good 179
Chapter 14: Bond Funds: Boring Can Be Sexy, Too 195
Chapter 15: Exchange-Traded Funds and Index Funds: The Art of Owning Everything 211
Chapter 16: Dividend and Income Funds: Confusion Galore 227
Chapter 17: Money Market Funds: Sleepy but Simple 239
Chapter 18: Fund Oddities: Strange Brews Sometimes Worth Tasting 249
Chapter 19: Segregated Funds: Investing on Autopilot 257
Chapter 20: Fund Packages: One-Stop Shopping 267
Part 4: The Nuts and Bolts of Keeping Your Portfolio Going 277
Chapter 21: The Places to Go for Fund Information 279
Chapter 22: RRSPs and TFSAs: Fertilizer for Your Mutual Funds 289
Chapter 23: Taxes: Timing Is Everything 303
Part 5: The Part of Tens 317
Chapter 24: Ten Questions to Ask a Potential Financial Advisor 319
Chapter 25: Ten Signs You Need a New Financial Advisor 325
Chapter 26: Ten Mistakes Investors Make 331
Index 335
Tentang Penulis
Bryan Borzykowski, founder and director of ALLCAPS Content, is an award-winning business journalist specialising in investing, personal finance, and small businesses. Bryan is the author of ETFs For Canadians For Dummies and Day Trading For Canadians For Dummies. Andrew Bell is a host on the Business News Network. He previously worked as an investment reporter and editor with The Globe and Mail.