Low Cost Mutual Funds
1. Control the cost of your mutual funds. Although bank mutual funds are typically no load (which means they do not charge a commission to buy sell or hold), they still charge annual management fees to cover trading costs, portfolio managers, your investment advisor, and overhead. Sometimes these fees can exceed 3.5% annually! You hold $100,000 in bank mutual funds and you could be paying $3,500.00 per year to manage them and that is unacceptable. It is also highly probable that the same high cost actively managed equity funds will not beat the market average (for example the S and P 500).
The alternative is TD eFunds. Low cost index mutual funds for any mutual fund investor. Before you buy...READ THE PROSPECTUS!
More to come weekly!
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