Back-end loads may appear to be a good deal to you. Each year you hold the fund, the load goes down. After a year or two, the broker will recommend you switch funds. Many reasons can be given. You can avoid a taxable gain that will be distributed to you if you hold on. A [...]
Archive for August, 2009
The more difficult personal change process
The process of discovering who you are in relation to investments is different for everybody. We all start at different places based on our genetic makeup, our childhood, and our good or bad fortune, we move through different experiences in life, and arrive at different places. This book does not claim that this simple three-step [...]