Mutual Fund Investing For Canadians For Dummies

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.

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